You also have the opportunity to make in -
school payments on your federal student loans.
Not exact matches
From that website I learned of the department of education website where you can log
on and review your
student Fafsa report that shows a history of your
student loans and grants received when in
school and the
payments paid during the repayment period (that is the money we pay to them for the
loan) and found that not even one dollar of my
payments have ever been reported by ACS, not even one, before the 10 years
on the Income Based Repayment Plan, I was
on a set plan that I had paid for 6 years $ 237 dollars each month
on a fixed 3.25 % repayment plan, so why is it that not even one dollar is showing
on the
Federal Department of Education website showing any of those
payments?
Similar to language
on the
federal student aid website, articles like this one in SF Chronicle explain that «if you qualify [for closed -
school discharge, for example], your remaining debt will be forgiven and you will be reimbursed for
loan payments already made.»
Federal student loans allow a grace period, which is a specific amount of time after a borrower leaves
school, graduates, or drops below half - time enrollment before he or she is required to begin making
payments on the
loan.
Nearly 7 million Americans have gone at least a year without making a
payment on their
federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling to pay back their
school debt.
If you're in my situation — everything is paid
on time but your private
student loans you took out when you were 17 because the
school said you didn't qualify for financial aid (which is bogus — everyone is approved for
federal fin aid, I found out later) were exorbitantly high minimum
payment and then you got a new job and its 3 hours away from the apartment you just rented.
If your new job starts in six months or if you have an unpaid internship or if you are unemployed, still in
school or experiencing economic hardship, you can apply to have
payments on your
federal student loans deferred for up to three years.