So I had this idea and thought I would post here to see if anyone has heard if this is possible. I did a google search but came up empty and have not called Navient to ask.
I have two consolidated loans now working my way towards PSLF at some point. It occurred to me that it would make more financial sense in terms of helping my utilization get down quicker is to defer the subsidized loan and just pay everything on the unsub. I'm just not sure if this is possible and I'm also not sure if it would affect my PSLF if I just paid on one of the loans if it was possible. This would let me put all my payment towards the unsub and bring my balance down quicker since while in deferment the sub-loan would not accrue interest. I would even take a few classes during this time if this was possible as it would save me the interest in the long run as well as help my scores grow quicker
Has anyone ever heard of this and know if it may be doable.
Thanks, I had not come back by here to see any responses. I'm already on the REPAYE plan. splitting the loans may be another option and would not jeopardize my PSLF. I think I'm going to talk to them about that. The main reason I was thinking about the deferred o[ption is the REPAYE payment is not covering my interest. I know the end game is to get them forgiven, but who knows if that will even bee there when I get to that point. I just don't like seeing the principal go back up each month instead of down.