Student Loan Deferment!?

Question

I need to know if I can get my student loans deferred. I can't find a straight answer anywhere. I have already graduated with a bachelors degree and i have been paying on my student loans for two years. I am going back to school this fall but not sure if I can get them deferred. Some places i've read that I have to be in graduate school. Can somebody give me a straight answer?

Answer 1

As long as you're attending school at least half-time, you're eligible for an In-School Deferment for your Federal Stafford and Federal Perkins loans. The regulations do not specify that you be in graduate school. You can download a copy of the Stafford deferment form here: http://ifap.ed.gov/dpcletters/attachments/G02339eFINALSCH.pdf#search='stafford%20inschool%20deferment'

Just fill it out, ask your school to certify your enrollment status in Section 4 (usually the Registrar's Office does this), and return it to the lender. If you have loans with multiple lenders, it's in your best interest to send a form to each lender.

To defer any Perkins loans, contact the loan holder directly (usually Perkins Loans are held by the school that lent you the money). Perkins loans tend to have less stringent deferment/forbearance benefits than Stafford, so getting an in-school deferment shouldn't be difficult.

All private educational loans are not created equal, so, if you have one, it's best to check with the lender to see what their terms are. Most major lenders are more than willing to defer your loans while you are enrolled 1/2-time or more. Check their website for instructions and, if you find none, give them a call.

Answer 2

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RE Student Loan Deferment!?

I need to know if I can get my student loans deferred. I can't find a straight answer anywhere. I have already graduated with a bachelors degree and i have been paying on my student loans for two years. I am going back to school this fall but not sure if I can get them deferred. Some places i've read that I have to be in graduate school. Can somebody give me a straight answer?

Answer 3

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Answer 4

To see if the loans can qualify for a deferment, I would suggest checking with the lender / servicer of the loan(s). Generally federal student loans can be deferred if the person is enrolled at least half-time status. No, a person does not have to be in graduate school for this. A person with a degree who returns to school to possibly work towards a second undergraduate degree may qualify for a deferment through their lender / servicer as long as the person is enrolled in a college at least half-time status. For example, if a student will be enrolled at a school that is a credit hour school and the person takes six credit hours, as long as the school classifies six credit hours as half-time status, then the student would need to notify and request their lender / servicer to put the loan(s) into deferment status if he / she so wishes. They have many different types of deferments for student loans and even forbearances. Be sure to check with your lender / servicer to see what your options may be.

Answer 5

I currently work in a financial aid office. Your school should automatically put you into deferment with your lender. But if for some reason they don't, there is a form online from your lender's website called "In-School Deferment" form that's always your backup in case. You just have to be enrolled in a degree seeking program to get them defered.

Answer 6

Yes you can. I'm going to school now and my loans are being deferred. As long as you go at least 6 credits at a time. Also, don't stop making payments until your financial aid office has contacted your loan company to tell them you're in school.

Answer 7

I have defered all my student loans for the past four years and
I send into the fedral goverment for free money in order to pay them all back it is easy.
yes you can defer if you would like more info email me .

Answer 8

It depends on the type of student loans you have, so you need to talk to your lender. Generally though, if your student loans are federally-subsidized, you can apply for deferrment if you are going back to school. You do have to be taking a certain number of credits in order to qualify, though. I *believe* it's half-time or better.

Answer 9

Yes, they will defer your loans while you are back in school. make sure you contact them and fill out the proper forms. One of my loans made me do the paper work every semester, so keep up on all of that.

Good luck.

Answer 10

All you need to do is be enrolled in school CURRENTLY to have them deferred. So all you should have to do is make a request once you are actually enrolled and they should grant it.