When I look at my loans through Navient, I can see that the amount of my monthly payment is the aggregate of the monthly amount of each individual loan in the account. If I was to apply extra money to pay off one of those loans, would that reduce my minimum monthly payment?
Loan A: 100 Loan B: 1000 Loan A monthly payment: 1 Loan B Monthly payment: 10 Total monthly payment: 11
If I pay off Loan A, does that reduce my payment to the 10 for B, or is Navient still going to require me to pay 11 a month?
*note - I'd still would want to be paying 11 a month, I'm just curious if I would still be 'required'