Confused About Aidvantage Bill After Switching to SAVE – Anyone Else?

Student Loans
1

How are you…

I just got a notice from Aidvantage saying I owe almost $900, and I’m super confused. I thought we were still in deferment? Here’s the deal:
I switched to SAVE after months of going back and forth with Aidvantage and dealing with their awful website. My last bill was $92 due on 8/26, but I was told I’d be in deferment starting 8/8. Since then, I haven’t heard anything.
Then today, literally an hour ago, I got a notification about a change in my payment schedule. I opened it up, and it says:

  • 107 payments at $893, due on 2/26/25
  • 17 payments at $788, due on 9/26/33 I don’t get why I suddenly owe close to $900 when no one told me deferment was ending. I was only paying $92 before all this. Anyone else going through something like this? Any idea what’s happening?

Would love any help! :neutral_face:

2

Income-Driven Repayment (IDR) Calculation :thinking:: Unlike certain other IDR plans, the SAVE Plan calculates income in a different way. As a result, your monthly payment may be reduced.

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Your monthly payment may be altered if your family’s size has changed since you joined the SAVE Plan. :relieved:

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Your monthly payment may be adjusted based on changes in your income.

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For comprehensive details on your new payment, including the variables that affected the computation, see your online account.

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You can create a repayment plan :hugs: that works for your financial position with the assistance of a financial advisor.