ernest_t_bass
Posts: 24,984
Feb 27, 2011 11:53am
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?
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?
ernest_t_bass
Posts: 24,984
Feb 27, 2011 12:54pm
Come on... anyone? Anyone?
karen lotz
Posts: 22,284
Feb 27, 2011 12:58pm
Bump.
Hope this helps.
Hope this helps.
S
Sonofanump
Feb 27, 2011 1:12pm
Too bad they don't have a 800 number on that letter that you could call.
password
Posts: 2,360
Feb 27, 2011 1:21pm
Will you finish grad school in August 2012?
-Society-
Posts: 1,348
Feb 27, 2011 1:38pm
Call Great Lakes. They are one of the best companies that I have dealt with.
ernest_t_bass
Posts: 24,984
Feb 27, 2011 1:52pm
-Society-;693464 wrote:Call Great Lakes. They are one of the best companies that I have dealt with.
Sarcasm?
ernest_t_bass
Posts: 24,984
Feb 27, 2011 1:53pm
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
ernest_t_bass
Posts: 24,984
Feb 27, 2011 1:53pm
password;693458 wrote:Will you finish grad school in August 2012?
August 2013, actually.
ernest_t_bass
Posts: 24,984
Feb 27, 2011 1:54pm
karen lotz;693445 wrote:Bump.
Hope this helps.
Much obliged.
-Society-
Posts: 1,348
Feb 27, 2011 2:09pm
ernest_t_bass;693475 wrote:Sarcasm?
I was being serious. They have always been more than helpful.
password
Posts: 2,360
Feb 27, 2011 2:22pm
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.
Trueblue23
Posts: 7,463
Feb 27, 2011 4:58pm
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.
OSH
Posts: 4,145
Feb 27, 2011 6:38pm
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.
G
Gblock
Feb 27, 2011 7:17pm
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