Timeline of undergrad loan deferment

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02889
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Joined: Wed Dec 28, 2011 12:21 pm

Timeline of undergrad loan deferment

Postby 02889 » Sun Jun 09, 2013 12:19 am

I'm trying to figure out the specifics of my summer budgeting. If I have undergrad federal loans that'll be deferred, should I expect my last payment to be in July or in August? Thanks!

senorhosh
Posts: 470
Joined: Tue Dec 28, 2010 4:45 am

Re: Timeline of undergrad loan deferment

Postby senorhosh » Sun Jun 09, 2013 12:22 am

02889 wrote:I'm trying to figure out the specifics of my summer budgeting. If I have undergrad federal loans that'll be deferred, should I expect my last payment to be in July or in August? Thanks!


AFAIK, deferment doesn't start until after classes. Expect to be paying until Sept.

If you need, request a forbearance. It takes a week or so to process (for me, anyway). The only downside is the interest will be added to the principle but I don't think it'll make that much of a difference in the long run.




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