The assault continues on Navient #9!
The wonky billing cycle from Navient breaking all of my loans up continues on this bill cycle. For the January update we should be back to a full one month cycle.
This billing also reflects my first increased payment of $217.47 that was paid 12/1/2017. Thanks to the larger payment, many of my individual loan accounts decreased. In addition to my minimum payment, I was able to pay extra each week to Navient #9 thanks to my side hustle, Shipt!
This is an extra special update because I am finally done paying the accrued interest on this loan!
The Story of Navient #9
I was awarded Navient #9 on 10/3/2012. It is an unsubsidized loan, which means it has a higher interest rate, and it also accrued interest while I was attending school and any of the time that I was in deferment or forbearance. This was awarded the same semester as Navient #8 which was subsidized so that one has a much lower interest rate and did not accrue interest while in forbearance and deferment.
This was my last semester before graduation. It looks as though I was trying to be smarter about taking out subsidized loans and minimizing the unsubsidized amount. I think at that point I had seen what trouble my student loans could become so I took out only what I needed: $939.
I then let that loan sit for almost 5 years while I hid my head in the sand and ignored all of my loans. In that time of inaction, I allowed this account to grow from $939 to $1,264.77.
- $122.32 Paycheck
- $36.70 Saved for Taxes
- $30 Gas
- $50.00 Sent to Navient!
- $160.78 Paycheck
- $48.23 Saved for Taxes
- $20 Gas
- $100.00 Sent to Navient!
This pay came a little early thanks to the Thanksgiving holiday. It was also a HUGE pay check due to Shipt offering incentives for orders that no shoppers have claimed yet, also known as promos. Some of these promos can be $20 on top of the regular pay and tip. The downside to that is if too many orders are going unclaimed it triggers a hiring wave in our area, which means less orders for all of us.
I picked up a couple $20 promo offers this week.
- $38.46 Paycheck
- $11.54 Saved for Taxes
- $25.00 Gas
This pay was super short. Shipt was offering a holiday bonus for members that could shop a certain threshold of orders in 3 days. They may have been trying to avoid the promo snafu that happened the week before.
Since there was no way I could meet the threshold in 3 days with my one order a night rule, I stayed off the schedule to support the other shoppers who did have a chance.
After taxes and gas, I didn’t have anything extra to give to Navient.
For the billing cycle 11/14/2017 – 12/7/2017 I was able to pay a total of $150 extra to Navient, but according to the Breakdown above, Navient #9 reduced a total of $200. I am obviously still having a little trouble making the amounts match up.
In the November 2017 Navient update, my breakdown was off $25. I think that maybe my last payment of $50 on 11/9/2017 perhaps didn’t post until this month’s cycle. I will figure this out eventually! Sorry for the confusion.
As of 12/7/2017, my Navient #9 is $940.04. Every payment I make from here on out to this loan will be applied to principal.