when do I have to start repaying? immediately or after graduation?

6/30/2006 11:49:41 PM

immediately if you consolidate. you lose the grace period, thats the big drawback

6/30/2006 11:51:42 PM

so just to confirm...I need to start repayment now? I cant wait until I graduate? (I wont graduate until 12/07 at the earliest)

6/30/2006 11:54:21 PM

You can get an in-school deferment. You DO NOT start repayment now.


[Edited on July 1, 2006 at 12:06 AM. Reason : too late. I hope you consolidated.]

7/1/2006 12:05:23 AM

^

7/1/2006 12:15:59 AM

i start payment 6 months after graduation

7/1/2006 12:19:24 AM

FUCKFUCKFUCKFUCKFUCKFUCK

7/1/2006 5:29:49 AM

6 months after the end of the last semester you received loans & graduated. I got my first degree in May and my second in August. Ended up doing repayments starting in October, rather than December.

Call your consoliation provider to get a definite. Yes they are slammed right now ... either put it on speakphone or get a headset and do whatever you would normally do.

7/1/2006 8:03:38 AM

If you are unemployed, you can claim a Hardship Deferment. That will hold off payments for about a year, I think.

Also, I had a bad experience with CFI. Sallie Mae has treated me better, but others might disagree. Check it out.

7/1/2006 5:03:01 PM

I believe interest accrues during deferment, so there's no free lunch.

7/1/2006 5:53:03 PM

and if for some reason you don't finish your degree, you have to start paying back as soon as you are no longer enrolled in school, so it doesn't necessarily mean you have to graduate to have to start repaying.

7/4/2006 10:04:06 AM