There are several factors that can increase your total loan balance. These include:
1. Capitalized Interest: Because of interest capitalization, your total loan value will go up.
2. You have a certain type of student loan or repayment plan: If student loans are the balance you’re seeing an increase on, chances are the type of student loan is the reason.
3. Making Monthly Payments of less than the Requested Amount.
4. Deferring or Missing Payments.
These are just a few examples. There are other factors that can increase your total loan balance as well. For more information on this topic, you can check out this [source](https://wealthpursuits.com/what-increases-your-total-loan-balance/).
