After sifting through a few more bank statements and reading some fine print this is what I discovered...
PRO-RATED ACROSS ALL LOANS!!!??! #@$*^#%&%^#!
*Sigh* How can this be? Wasn't there legislature passed about this not too long ago? That a lender must allow you to make additional payments towards principal and not spread the payment out or apply it to a future payment? I recall this happening for car payments and mortgages? Can anyone shed any light on this for me?
It's not like I mailed in a check with my account number on it. I used the online payment system that allows you to specify a payment amount for each loan individually. Spreading out my payments across all my loans means I will be paying more interest, and making payments for longer.
Argh, it just feels like I can't win!