I have several loans being serviced by Navient that total to about $95,000.
I am currently on an extended repayment plan. I noticed the payments I am making are short of the interest that is accruing.
I am uncertain as to how to proceed as it feel as if I will be making payments FOREVER. The payment plan amount is $568.00. Please advise as to how to best proceed.
You are either on an Income-Driven Repayment plan for federal loans or a forbearance plan for a private loan. Can you let me know what exact repayment program you are on by posting an update in the comments below?
If this is federal student loan debt you might in fact never repay the debt. The lower monthly payment programs are designed to keep your account current, not get you out of debt.
You might be interested in Why Income Based Student Loan Payments Can Be a Terrible Trap.