In-school deferment vs. grace period

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In-school deferment vs. grace period

Postby jaime232 » Tue Jul 16, 2013 2:40 pm

I am in grad school until May 2015. I currently have four student loans, one is in deferment for school, one is in grace, and two have been deemed delinquent by my loan servicing company. I requested that my school send an enrollment verification so that my other loans may also be entered into in-school deferment, and I was told that consolidated loans do not quality for a grace period.

It is my understanding that a "grace period" and "in-school deferment" are two distinctly different things, and I should be eligible for an in-school deferment on ALL my loans, whether they are consolidated or not. Is this true? And if so, how do I go about discussing this with my servicing company?
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Re: In-school deferment vs. grace period

Postby edvadmin » Mon Aug 12, 2013 12:10 pm

Yes, you should have the option of requesting an In School Deferment from from your federal student loan servicer. If you are in gradudate school then you are considered a full time student and your servicer should grant you the In School Deferment based on that information. You can either have your school transmit your enrollment status to the Department of Education who would then notify your servicer electronically, however, I would actually walk the form through admissions if possible. Your school should have copies of the forms for you. After getting the necessary signatures and stamps you then can fax in the deferment form to your servicers and have a copy for your records showing the date and time that you applied for the Inschool Deferment.


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