A few days ago
Chateau Man

Loan Deferrment?

I am a previous college student who is currently paying back a student loan. However, I am wanting to return to college. When I return, will my student loans go back into deferrment status (not having to make the payments) while I am attending classes? Or, would I have to pay on my existing loans, but will get all new loans in deferrment status?

Top 3 Answers
A few days ago

Favorite Answer

You would need to contact the lender and the school. The lender because they will need to know that you are going to attending classes again, and the school because they may have to fill out something for the lender to prove you are back in school (or the lender may just go through the clearing house to see if you are attending classes).

In any event, if you have a Subsidized Stafford Loan that you are paying on right now, then when you get the deferment you won’t have to pay anything until you stop attending at least half time. If you have an Unsubsidized Stafford Loan, you could still get a deferment, but you will be responsible for the interest that is accrued (and you could defer that as well, or make just interest payments).

Talk to your lender and a financial aid officer at your school for more information/guidance. Good luck!


A few days ago
If you are enrolled full time at an eligible school you can probably defer your federal student loans, but it doesn’t happen automatically. You must contact your lender(s) and apply for deferment. Remember that for all federal loans except the subsidized Stafford, interest continues to accrue while you defer, so if there’s any way you can pay the interest while you’re in school it’s a good idea.

If you have private student loans, you should contact your lender to see what options you have.


A few days ago
Digging for answers
You should contact the loan servicer and ask them. I suspect your loans will enter deferment. I know mine do if I enter a post grad program. I am unsure if they would for anything equivalent to what Ive already done.