Hello,

I missed by IBR certification on 1 October. I am on auto payment and it looks like they just withdrew from my account the additional interest. But is there any way that I can have my account remain in IBR until they process my application without interest capitalised going forward or reverse the amount they already withdrew?

Thank you for your advice.

How late were you? Are you sure the deadline was October 1? Were there any unusual circumstances that caused you to miss your certification date? Your servicer should not have been able to withdraw the capitalized amount out of your bank account if that’s what you’re saying. If you didn’t provide the certification in time you would exit IBR causing a higher payment to be due which they can probably withdraw from your account.