u/Few_Addendum4170

First time posting, hoping just to clarify how my payments are posting.

I’m paying off my very high student loan balance (~$320k) in the next year. And starting with some payments this month to see how they posted on Aidvantage.

I paid $11,000 and it looks like only around $8,000 posted towards principal. My takeaway is, they posted the other $3k to unposted interest? Am I correct in that assumption? Sorry if this is a stupid question, I guess I thought my balance would go down what I paid and I’d still see an interest post at EOM— but now I think I’ve paid most (not all) of May’s interest and should (theoretically) see very little principal increase this month, correct?

Thank you for any clarification, I appreciate this thread so much.