What happens to my loans if I go back to school?If your loan is in its 6 month grace period, and you are still enrolled as at least a half-time student, your enrollment records can be updated to reflect your continued enrollment. You can do this by:
When this form is returned to us by your school or when we receive electronic notification from your school, we will update our records to show your in-School status and reinstate your 6 month grace period. If your grace period has expired and you have entered repayment on your loan you may still be eligible to postpone your payments with an in-School deferment form if you begin re-attending an eligible school on at least a half-time basis. You can obtain an in-School deferment form by visiting the Deferment Forms page in the Forms section of our Web site. If you are attending school on a "less than half-time basis" and think you might have difficulty repaying your loans there are other options to postpone payments such as a forbearance form. |