Student loan $874/month

diane.jsmith - Thu, 11/18/2010 - 04:57

My husband just finished his Masters in Dec, He had got a loan for about 40,000. in January we received a bill for $250 then a couple months later aces said we now owe $500/month.so i paid that. Then a month ago i got a bill from Nelnet for $250.so i was now paying $750/month. Now just a couple days ago Nelnet now says we owe $374/month. We called and they said we can’t consolidate or defer the payments.. Does this seem right?