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Hi BK Experts,
First off, happy to say that after 5 years, I just submitted my final ch 13 payment. I'm NEARLY at the end of the tunnel (hopefully... details to follow).
My remaining situation is this:
My federal direct student loans were included in my chapter 13 plan for roughly 19k. I finished paying that amount but i checked the website www.myfedload.org (servicer for my direct student loans). It still says I have a balance of ~5400. Interest had been accruing on my student loans since my freshman year of college basically. My trustee's office is saying they are not aware of a remaining balance, but the servicer is still demanding I pay the remaining balance.
From the student loan promissory notes, it says I am obligated to pay interest however I don't know how ch 13 impacts this. 5 years ago, a rep from the Loan Servicer submitted a Proof-of-claim to my ch 13 in the amount of 19k.
Any ideas how to proceed?
Thanks for any help in advance!!
Unless your Chapter 13 Plan provided to pay the S/L in full, including the contract rate of interest, you would still owe the interest since such would generally not be subject to the entry of your Discharge. Unfortunately, I think the only solution will be to try to work out a payment plan for the interest that accrued but was not paid under the Plan.
Des.
Same thing happened to me, at first I was pissed because I thought everything was paid. But on the brighter side I now have a $50 per month payment for the next 20 years to improve my AAoA.
@oldman425 wrote:Same thing happened to me, at first I was pissed because I thought everything was paid. But on the brighter side I now have a $50 per month payment for the next 20 years to improve my AAoA.
Yep, same thing here! My payment to Navient is about $50, but I am paying double each month (because I can).
Ugh I was SO mad, but now its actually good thing!