Hello,
I am going to graduate from my Masters program in May. I have $30,000
in student loans with ACS. They project my monthly 10-year re-payment
to be $300 or so a month.
However, I have $15,000 of their money sitting in a high-interest
bearing account. I want to give them the $15,000, cut my debt in half,
and make my repayment around $150 a month.
But I'm worried because I've gone through this before. Last time I
wanted to do a lump sum payment, they refused to modify my monthly
payment. They just told me to make the lump sum payment, continue the
high monthly payment, and just pay the debt off in half the time.
I want to decrease my monthly payment, not the term of my loan. Anyone
have a clue how I can get them to do that?
Thanks,
Chris
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