this post was submitted on 07 Jan 2024
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askchapo
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I have no idea what’s going on. Nelnet says my required payment is zero but we should have restarted payments. I think they’re just racking up interest right now to fuck us over idk
No. If you're on IDR, it's very possible to have zero dollar payments, depending on your income (which is cool, obvs, because you pay nothing and theres no increasing of the principle and you constructively are counted as having made payments).
I’m not on IDR though
Looking into it.
I’m good the website was just weird and for some reason they do the withdrawal at the end of the month instead of the first
I was just doing the Elon thing, but glad you figured it.
lol
Have you thoroughly checked the email they use for you for a forgiveness message? We were surprised to get one for my husband this past fall, but when we last logged in to check his loans, it showed the same status you're describing.
No way they forgave $100k lol I wish
The forgiveness on it is wonky. There are different income groups where you only have to pay X% of your monthly statement and the rest of that month is forgiven. Maybe you technically owe $300 a month, but your payment is $15 and the other $285 is forgiven each month. The lowest income group has a monthly payment rate of $0 with the rest forgiven. It's incredibly convoluted and stupid, but it was intentionally designed so that only the wealthiest/biggest morons actually pay the full amount.