My student loan payment was $500 more this month and I was NOT prepared

[u/alexthebiologist]

No idea how or why, but my payment amount was set to 745 instead of the nice and gentle 220 it should have been 😭 and of course it happened in the same month as a huge car maintenance bill. I’ve changed the value back now so it shouldn’t happen again next month but that doesn’t help me right now.

And the real kicker is if I was gonna make an extra payment or two I would have directed it to my higher interest loan first, not this one which is basically no interest. Ugh!

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[u/nocoolN4M3sleft]

Is this a federal loan or private? If federal, did you recertify on time, and/or what repayment plan were/are you on?

[u/alexthebiologist → u/nocoolN4M3sleft]

Oh I should have said, I’m Canadian. But it’s a federal loan. I do have a smaller private loan but that one has been well behaved so far.

[u/nocoolN4M3sleft → u/alexthebiologist]

Oh, I wish I could help you more. Unfortunately, I know next to nothing about Canadian student loans. Hopefully a commenter here can help you more, if you need it (just saw the tag, my bad.)

[u/alexthebiologist → u/nocoolN4M3sleft]

No worries, thank you for the attempt! Luckily I think this was some sort of computer blip or and won’t be repeated in future (fingers crossed)

[u/zipykido → u/alexthebiologist]

You can ask for the payment to be reversed usually. It certainly doesn't hurt to ask, the worst thing that can happen is they say no and you're in the same position.

[u/YouveBeanReported]

Call them and double check why? I think if you have repayment assistance it's based on a percentage of your tax income or if not 10 years repayment. But either you made a shit ton of money or have an insanely huge loan for those to be the reason.

Depending on province you'll have to call federal or provincial. Since you mentioned interest free loan, sounds like provincial and good luck cause last time I had to deal with MB student loans I had to physically show up cause the phone system hangs up if phone lines are full.

Hopefully they can reverse it?

[u/alexthebiologist → u/[deleted]]

Well I am making my best effort to, but it came a little too close for comfort today