Student Loans

My Navient Balances Are Going Up, Not Down

Written by Steve Rhode


Dear Steve,

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.



Dear Andrea,

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.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


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