Examples on How Payments Are Allocated
Current Amount Due:
$350
You Pay:
$375
On June 10th
Loan Group A
Interest Rate: 6.80%
Status: Repayment
Regular Monthly Payment Amount: $250.00
Due Date: June 24th
$275.00
$250.00 is allocated to pay June, and $25.00 is allocated as a partial payment toward July.
Loan Group B
Interest Rate: 4.80%
Status: Repayment
Regular Monthly Payment Amount: $100.00
Due Date: June 24th
$100.00
$100.00 is allocated to pay June.
Loan Group A and Loan Group B are both up to date.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $350.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Interest Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $250.00
- $100.00
- $350.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on June 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $375.00.
- $350.00 is allocated to Loan Group A and Loan Group B to pay your amount due for June.
- The remaining $25.00 is allocated across loans in Group A toward your amount due for July.
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of $325.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Interest Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $-25.00
- $-0.00
- $-25.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $225.00
- $100.00
- $325.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us
Current Amount Due:
$275
You Pay:
$625
in June
Loan Group A
Interest Rate: 6.80%
Status: Repayment
Regular Monthly Payment Amount: $250.00
Amount Already Paid for This Month: $50.00
Due Date: June 24th
$550.00
$200.00 is allocated to pay June, $250.00 is allocated to pay July, and $100.00 is allocated as a partial payment toward August.
Loan Group B
Interest Rate: 4.80%
Status: Repayment
Regular Monthly Payment Amount: $100.00
Amount Already Paid for This Month: $25.00
Due Date: June 24th
$75.00
$75.00 is allocated to pay June.
Loan Group A and Loan Group B are both up to date.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $275.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Interest Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $-50.00
- $-25.00
- $-75.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $200.00
- $75.00
- $275.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on June 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $275.00.
- $275.00 is allocated to Loan Group A and Loan Group B to pay your amount due for June.
You make another payment on June 20th for $350.00.
- $250.00 is allocated to Loan Group A to partially pay your amount due for July.
- The remaining $100.00 is allocated to Loan Group A to partially pay your amount due for August.
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of $100.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Interest Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $-250.00
- $-0.00
- $-250.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $0.00
- $100.00
- $100.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us
Current Amount Due:
$350
You Pay:
$200
On June 10th
Loan Group A
Status: Repayment
Regular Monthly Payment Amount: $250.00
Due Date: June 24th
$142.86
$142.86 is allocated as a partial payment toward June.
Loan Group B
Status: Repayment
Regular Monthly Payment Amount: $100.00
Due Date: June 24th
$57.14
$57.14 is allocated as a partial payment toward June.
Loan Group A and Loan Group B are both up to date.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $350.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $250.00
- $100.00
- $350.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on June 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $200.00.
- $200.00 is prorated between Loan Group A and Loan Group B toward your amount due for June.
July 24th Payment Due Date
- Loan Group A
- Loan Group B
- Allocation Calculation
- $200.00 ($250.00/$350.00) = $142.86
- $200.00 ($100.00/$350.00) = $57.14
- Payment Amount Due
- $250.00
- $100.00
- June 10th Payment
- $-142.86
- $-57.14
- Remaining Amount Due
- $107.14
- $42.86
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of $500.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $+107.14
- $+42.86
- $+150.00
- Current Amount Due
- $357.14
- $142.86
- $500.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us
Current Amount Due:
$950
You Pay:
$550
On June 10th
Loan Group A
Status: Repayment
Regular Monthly Payment Amount: $250.00
Past Due Amount: $500.00
Due Date: April 24th
$464.29
$250.00 is allocated to pay April, and $214.29 is allocated as a partial payment toward May.
Loan Group B
Status: Repayment
Regular Monthly Payment Amount: $100.00
Past Due Amount: $100.00
Due Date: May 24th
$85.71
$85.71 is allocated as a partial payment toward May.
Loan Group A is past due for April, and both Loan Group A and Loan Group B are past due for May.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $950.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $+500.00
- $+100.00
- $+600.00
- Current Amount Due
- $750.00
- $200.00
- $950.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on June 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $550.00.
- $250.00 is allocated to Loan Group A (oldest delinquency) to pay your amount due for April.
- The remaining $300.00 is prorated between Loan Group A and Loan Group B toward your amount due for May.
May 24th Payment Due Date
- Loan Group A
- Loan Group B
- Allocation Calculation
- $300.00 ($250.00/$350.00) = $214.29
- $300.00 ($100.00/$350.00) = $85.71
- Payment Amount Due
- $250.00
- $100.00
- June 10th Payment
- $-214.29
- $-85.71
- Remaining Amount Due
- $35.71
- $14.29
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of $750.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $+285.71
- $+114.29
- $+400.00
- Current Amount Due
- $535.71
- $214.29
- $750.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us
Current Amount Due:
$950
You Pay:
$250
On June 10th
Loan Group A
Status: Repayment
Regular Monthly Payment Amount: $250.00
Past Due Amount: $500.00
Due Date: April 24th
$250
$250.00 is allocated to pay April.
Loan Group B
Status: Repayment
Regular Monthly Payment Amount: $100.00
Past Due Amount: $100.00
Due Date: May 24th
$0.00
Loan Group A is past due for April, and both Loan Group A and Loan Group B are past due for May.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $950.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $+500.00
- $+100.00
- $+600.00
- Current Amount Due
- $750.00
- $200.00
- $950.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on June 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $250.00.
- $250.00 is allocated to Loan Group A (oldest delinquency) to pay your amount due for April.
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of $1,050.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $0.00
- $0.00
- $0.00
- Past Due Amount (if applicable)
- $+500.00
- $+200.00
- $+700.00
- Current Amount Due
- $750.00
- $300.00
- $1050.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us
Current Amount Due:
$0
You Pay:
$200
On June 10th
Loan Group A
Interest Rate: 6.80%
Status: Repayment
Regular Monthly Payment Amount: $250.00
Due Date: July 24th
$200.00
$200.00 is allocated as a partial payment toward July.
Loan Group B
Interest Rate: 4.80%
Status: Repayment
Regular Monthly Payment Amount: $100.00
Due Date: July 24th
$0.00
Loan Group A and Loan Group B are both prepaid to July.
June Monthly billing statement
When the monthly billing statement generates on June 3rd, your current amount of $0.00 is due on June 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- June 3rd
- Loan Group A
- Loan Group B
- Total
- Interst Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $-250.00
- $-100.00
- $-350.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $0.00
- $0.00
- $0.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
June 24th
Payment details
You make a payment on June 10th for $200.00.
- $200.00 is allocated across loans in Group A toward your amount due for July.
July Monthly billing statement
When the monthly billing statement generates on July 3rd, your current amount of 150.00 is due on July 24th.
Your Student Loan Account Details for This Month's Billing Cycle
- Statement Date
- July 3rd
- Loan Group A
- Loan Group B
- Total
- Interest Rate
- 6.80%
- 4.80%
- Regular Monthly Payment Amount
- $250.00
- $100.00
- $350.00
- Amount Already Paid for This Month
- $-200.00
- $-0.00
- $-200.00
- Past Due Amount (if applicable)
- $0.00
- $0.00
- $0.00
- Current Amount Due
- $50.00
- $100.00
- $150.00
- We encourage you to continue to make monthly payments even if your amount due is $0 because interest may continue to accrue. Otherwise, your next payment is due on July 24th.
Current Statement Due Date
July 24th
The examples provided here are meant only as a guide. We do not guarantee they will apply to your specific circumstances. If you have questions about your loans, please contact us