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Question on Deferment

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ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 11:53 AM
OK, so I'm in a Masters program right now, and I have two college loans that were placed in deferment until August, 2012. Both loans were in deferment.

I get correspondence from both companies (Great Lakes and US Dept. of Ed/Direct Loans) that say my payments will resume in March. A little help here... at the turn of the year, do I have to renew my deferments, even though they originally stated that I don't need to start repaying them until August, 2012?
Feb 27, 2011 11:53am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 12:54 PM
Come on... anyone? Anyone?
Feb 27, 2011 12:54pm
karen lotz's avatar

karen lotz

TuTu Train

22,284 posts
Feb 27, 2011 12:58 PM
Bump.



Hope this helps.
Feb 27, 2011 12:58pm
S

Sonofanump

Feb 27, 2011 1:12 PM
Too bad they don't have a 800 number on that letter that you could call.
Feb 27, 2011 1:12pm
password's avatar

password

Senior Member

2,360 posts
Feb 27, 2011 1:21 PM
Will you finish grad school in August 2012?
Feb 27, 2011 1:21pm
-Society-'s avatar

-Society-

Senior Member

1,348 posts
Feb 27, 2011 1:38 PM
Call Great Lakes. They are one of the best companies that I have dealt with.
Feb 27, 2011 1:38pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 1:52 PM
-Society-;693464 wrote:Call Great Lakes. They are one of the best companies that I have dealt with.

Sarcasm? :)
Feb 27, 2011 1:52pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 1:53 PM
Sonofanump;693449 wrote:Too bad they don't have a 800 number on that letter that you could call.

Yes, I have the numbers, but it's Sunday... So I'm asking the experts on here :)
Feb 27, 2011 1:53pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 1:53 PM
password;693458 wrote:Will you finish grad school in August 2012?

August 2013, actually.
Feb 27, 2011 1:53pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Feb 27, 2011 1:54 PM
karen lotz;693445 wrote:Bump.



Hope this helps.

Much obliged.
Feb 27, 2011 1:54pm
-Society-'s avatar

-Society-

Senior Member

1,348 posts
Feb 27, 2011 2:09 PM
ernest_t_bass;693475 wrote:Sarcasm? :)

I was being serious. They have always been more than helpful.
Feb 27, 2011 2:09pm
password's avatar

password

Senior Member

2,360 posts
Feb 27, 2011 2:22 PM
ernest_t_bass;693477 wrote:August 2013, actually.

Usually the loans stay in deferment until you finish school and the school keeps reporting your status to them.
Feb 27, 2011 2:22pm
Trueblue23's avatar

Trueblue23

BASEDgod

7,463 posts
Feb 27, 2011 4:58 PM
I might be wrong, but I do think the companies are legally obligated to send out those letters. A simple phone call should solve your problem, as they'll probably just confirm that your loans are being deferred.
Feb 27, 2011 4:58pm
OSH's avatar

OSH

Kosh B'Gosh

4,145 posts
Feb 27, 2011 6:38 PM
password;693501 wrote:Usually the loans stay in deferment until you finish school and the school keeps reporting your status to them.

This is exactly what should happen.

Call the loan companies and talk to them about the situation. You may have to get some sort of paperwork signed saying you are truly enrolled in graduate school.

I got my loans deferred. For some reason they deferred them for 4 years...I am not going to complain about that one AT ALL. I'll be done in April, so if I can get a job, I'll have two years of deferral still. The way things look, I'll be back in graduate school so the 2 additional years will be valuable.
Feb 27, 2011 6:38pm
G

Gblock

Feb 27, 2011 7:17 PM
Depending on the type of deferment u have they may want u to pay during the summers...that's how mine were...I usually didn't pay tho...by the time u get a few letters school starts back up and they go into deferment again
Feb 27, 2011 7:17pm