FinanceFederal Loans
#RI-6a23ceb8·8 months ago·
2
“Recertified for IBR without understanding interest capitalization”
What Actually Happened
My bill doubled and 9k in interest was capitalized without notification
What I wish I knew
"Interest capitalization happens when I'm recertified"
Advice to Someone Facing This Now
If I could tell you one thing
"Be aware of interest capitalization when recertifying for loan plans"
Regret Index
10/10
High, persistent regret.
Has not decreased significantly with time.
Has not decreased significantly with time.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
36%
of Finance decisions land in the severe band the same as this one.
React, question, or discuss this decision.