Comments on: Understanding Student Loan Grace Periods, Deferment, and Forbearance http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance Personal Finance for the Young and Ambitious Fri, 06 Nov 2009 23:10:14 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Marcy Cardenas http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance/comment-page-1#comment-1696 Marcy Cardenas Thu, 20 Nov 2008 07:51:34 +0000 http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance#comment-1696 My sister and I are in the process of buying a house and are loans are only deferred for 6 months after we graduate but my lender needs them to be for 12 months after graduation. We called Sallie Mae and they said they could only defer them for 6 months at a time. Do you have any suggestions. If we cannot get a deferrment than we do not qualify for this home loan. :( My sister and I are in the process of buying a house and are loans are only deferred for 6 months after we graduate but my lender needs them to be for 12 months after graduation. We called Sallie Mae and they said they could only defer them for 6 months at a time. Do you have any suggestions. If we cannot get a deferrment than we do not qualify for this home loan. :(

]]> By: SP http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance/comment-page-1#comment-1695 SP Fri, 29 Aug 2008 05:51:26 +0000 http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance#comment-1695 Federal loans actually can be deferred if you are a half-time student (as defined by your university). Also, subsidized loans will not generate interest. I had my loans in deferment for one semester, and they are about to go into deferment again. Very excited for that. Federal loans actually can be deferred if you are a half-time student (as defined by your university). Also, subsidized loans will not generate interest.

I had my loans in deferment for one semester, and they are about to go into deferment again. Very excited for that.

]]> By: collegeloanconsultant http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance/comment-page-1#comment-1694 collegeloanconsultant Thu, 28 Aug 2008 23:12:08 +0000 http://www.moneyunder30.com/understanding-student-loan-grace-periods-deferment-and-forbearance#comment-1694 Apply for a forbearance or deferment before you miss a payment. Be realistic about your finances, rather than optimistic. A forbearance or deferment will not hurt your credit rating the way missing regular payments will. Apply for a forbearance or deferment before you miss a payment. Be realistic about your finances, rather than optimistic. A forbearance or deferment will not hurt your credit rating the way missing regular payments will.

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