blankmind

My d's account lists 5 separate loans that make up her total loan balance. Her loans are not due yet, but I want to pay down some of the principal for her. There doesn't appear to be any way for me to tell it which of the 5 loans to apply the principal payment to, which is more than annoying, since the amount of interest generated by one is higher than the other four put together, so of course I'd like to pay that one down first. Is it possible to do this?

happymomof1

It should be.

Contact the organization that holds the loans and ask them very specifically what it is that you must do to pay down that one particular loan. Make certain that you have their instructions in writing so that you can follow those instructions to the letter.

Good luck!