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Anyone else have student loans through Sallie Mae? Their site says I have 73 months of payments left but every amortization calculator I've checked says I have 63 months remaining. How can it be that far off? I have to significantly modify the monthly payment and/or interest rate in the calculation in order to come up with the 73 months they are quoting me.
I used the same amortization tables for my mortgage and car loans when I still had those and everything agreed within a penny so I can't figure out what's going on this time.
Any suggestions?
Edit for details: The most recent payment was just today so the entire balance is principal (no interest accrued for the month yet). Balance is $7681.78, monthly payment is $128.82, and interest rate is 1.625%.
I used the same amortization tables for my mortgage and car loans when I still had those and everything agreed within a penny so I can't figure out what's going on this time.
Any suggestions?
Edit for details: The most recent payment was just today so the entire balance is principal (no interest accrued for the month yet). Balance is $7681.78, monthly payment is $128.82, and interest rate is 1.625%.