Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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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.