Student Loan question

[kenduc]

I have one school loan for $3500(long story). Checked my credit report and it's showing i have 2 closed student accounts. Both from US DEPT OF EDU but with 2 different account numbers and 2 different amounts(3500, 3640).

Sallie Mae has the loan now for $4k which I just started paying off, but im so confused as to why the Orig loan is showing up as two different loans for two different amounts.

[AAstra]

I'm thinking this is what happened...

- Loan originally issued at $3500 by a servicer which was closed (1 account, $3500)

- the loan was then bought by another servicer which was closed (1 account, $3500 principal + $140 accrued interest, $3640)

- now the loan is with Sallie Mae for ~$4000 (principal of $3500 + ~$500 accrued interest)

This scenario gives you the two accounts with two different amounts.

[kenduc]

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@dbutz1109 wrote:

I'm thinking this is what happened...

- Loan originally issued at $3500 by a servicer which was closed (1 account, $3500)

- the loan was then bought by another servicer which was closed (1 account, $3500 principal + $140 accrued interest, $3640)

- now the loan is with Sallie Mae for ~$4000 (principal of $3500 + ~$500 accrued interest)

This scenario gives you the two accounts with two different amounts.

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Makes sense. Only thing is both the closed accounts show the same OC both with same address,etc(Dept of Edu)