PinchingPennies

Saving money to pay off student loans and consumer debt

Paying Off Smaller Student Loan

Reminder – always check that extra payments are credited correctly.

The state sent me a check for $1034.17 of back pay a couple of weeks ago. Being a good little Dave Ramsey follower, I sent the money to my student loan company to pay down one of my smaller loans. To apply the check to one loan in particular, I have to write the loan number in the memo portion of the check. The student loan company didn’t notice and instead applied the check to all of my loans so the smallest loan only received $65.

A phone call later and the customer service person assured me they would fix it. We’ll see.

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April 25, 2008 Posted by | Student Loans | , , | Leave a comment