Timeline of undergrad loan deferment Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Post Reply
User avatar
02889

Bronze
Posts: 479
Joined: Wed Dec 28, 2011 12:21 pm

Timeline of undergrad loan deferment

Post by 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!
Top
senorhosh

Bronze
Posts: 469
Joined: Tue Dec 28, 2010 4:45 am

Re: Timeline of undergrad loan deferment

Post by 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.
Top
Post Reply

Return to “Financial Aid”