Loans

[MrsSeptemberPenguin]

I have college loans, and because of a mix-up with the school I may have to take a semester off. I may be able to get in somewhere part time, or i may not, but nowhere full time at this point. Anyone have any idea how this will affect loans? I largely have Stafford loans and some other student loans, and I'm just a bit concerned about the consequences since the school I was planning to attend basically lied to me...

 

[Mskedi]

If you aren't in school, you may have to make payments on your loans each month and the interest rate may go up. Some types of loans aren't awarded at all unless you are enrolled. Your best bet is to call your loan provider and tell them what's up.

What kind of mix-up happened? Is it something they can't fix?

 

[MrsSeptemberPenguin]

its something they're unwilling to fix basically they lied about my transfer and the amount of money it'd cost to continue on their track is more than paying back the loans in the long run. What about half-time? I was under the impression that if you're enrolled at least half time you're able to get them deferred most of the time...I'm still working on it, but my parents aren't being helpful at all and they have all the information for accessing the loan... Thanks

 

[unkern]

Looks like you'll need to get a job. You can always pay it off then go to school later on down the road. You can always learn to be a wife.

 

[The_Dan_x]

If I remember right, I think you have to be full time (12 hours or more) to have things deferred and not pay anything. Of course though, getting access to the information that your parents have would make things a bit easier. Also, like suggested above, try calling the loan place and find out the limitations or whatnot about payments and if you'll need to make them.