I went to college for a brief period, but didn't like the school and decided to change my major. I'm currently paying back the loan I accumilated while I was there. It's a government loan through Sallie Mae. I was just wondering if I went back to college, would I stop paying the loan while I was in school, and just pay it after I graduate? I couldn't afford to go back right now if I had to continue paying the loan while I went to school, so I need to know. Thanks! :)
2007-03-27 07:21:53 · 8 answers · asked by mercenary.azel 1 in Education & Reference ➔ Financial Aid
Usually your loan company will put your loan on forbearance or deferrment if you go back to school. You may have to provide a copy of your transcripts or current course load to prove that you've enrolled.
Whether you'll have to pay on the interest while it's in forbearance depends on the type of loan you have. If you have a subsidized loan, your loan won't accumulate interest until you start paying on it again. If you have an unsubsidized loan, your loan will continue to gain interest while it's in forbearance. But if your interest rate is low, it's not that bad. If your interest rate is too high, shop around for some lower interest rates.
2007-03-27 15:08:07 · answer #1 · answered by Anonymous · 2⤊ 0⤋
1
2016-10-24 16:45:05 · answer #2 · answered by Alease 3 · 0⤊ 0⤋
Why are you asking us? Call your student loan company and ask them. They will probably work with you, but you will have to pay the interest while in school.
2007-03-27 07:32:18 · answer #3 · answered by exiletheking 2 · 1⤊ 1⤋
It completely depends on the loan company. Mine is through Great Lakes. I was able to get a deferment.
2007-03-27 08:36:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you should be able to call your loan company and get it deferred..
2007-03-27 07:41:52 · answer #5 · answered by jondawg 4 · 0⤊ 0⤋
That's a good question
2016-07-28 10:20:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
u recognize the respond above via anita? he/she is putting the comparable answer in each question. i think of its a scam or somthing.... if no longer i think of he/she is purely attempting to sell his/her company yet nevertheless smells fishy. careful.
2016-12-15 10:07:52 · answer #7 · answered by ? 4 · 0⤊ 0⤋
pends on the loan
2007-03-27 07:29:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Well, it depends..
2016-08-23 22:11:38 · answer #9 · answered by Anonymous · 0⤊ 0⤋