Sallie Mae - CLI Request

[426MW]

I've looked and couldn't find an answer to this so here it goes.

My student loan is showing an amount above my max CL.  Long story short the loan was in forbearance for a while thus still accumulating interest charges.  Does anyone have any experience dealing with them trying to get the CL adjusted to match the balance?

[SCF]

That probably won't happen, and it's not really a big deal.  Utilization on installment loans (like student loans) may show as a negative, but its impact is very limited, especially compared to utilization on revolving lines (like credit cards and lines of credit).

If you haven't entered repayment yet, you'll have the opportunity to pay off your interest before is it capitalized into the principal of the loan.  If you can do that, it will save you money, because once the interest is capitalized, you start paying interest on it.