student loansFederal Loans
#RI-6a23ceb8·6 months ago·
1
“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.
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student loans Category
6
student loans decisions logged. Avg regret 4.5/10 across the category.
Same Outcome Band
33%
of student loans decisions land in the severe band the same as this one.
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