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Aug 19th, 2019
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  1. I have submitted a consolidation request for all of my loans recently. Consolidation went through successfully and I was presented with the updated Repayment plan and payment amount. The plan is now IDR and monthly payment amount is $2026.08. And this amount is recalculated per my request, originally it was $60 more...For some reason this is calculated as if my loan was given for only 1 year, although agreement says it’s for repayment would be done in 10 years. Very confusing. I’d be glad to pay it back in one year, but it was and still is impossible for me to make such large payments. I submitted a request to transfer back to Standard repayment plan (10years) several times already - latest on August 16th. Payment due date is September 9th, I can't make a payment of over $2000 on that day. Can someone please look at my request and see why IDR came up with such amount or/and approve transfer to Standard Plan. Thanks!
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