Staffor Loan question??

If I have the Stafford Loan but if I decide to take this coming summer and the next semester off from school would I have to start paying my Stafford Loan back?? Is it after 6 months you%26#039;re not going to school or 6 months after you graduate?

Staffor Loan question??

school, not graduation

otherwise everyone would quit school to avoid repaying loans

Staffor Loan question??

You should request a deferment for the loan. It delays when you have to repay it. The only problem with this is that you will accrue intrest on the loan.

Staffor Loan question??

You have six months from the date you cease attending school on a full-time basis. Summer school is generally not a requirement for this.

If your last term ends in June, but the next term you will attend begins in January, you should be fine (six months). You need to check your school%26#039;s calendar for this, because the date is not set by the last physical day of class, but by the end of the school calendar for your term, which could be much later.

If in doubt, check with the Financial Aid Officer at your school, and contact the company which holds your note to see if you would be in compliance, in light of your break.

Good luck!

Staffor Loan question??

When it comes to the financial aid process, people often ask %26quot;Where do I begin?%26quot; We%26#039;re here to help and guide you throughout this process. This page outlines the steps to applying for a Stafford Loan. Basic Stafford Loan Requirements are, You must have submitted a FAFSA. For subsidized Stafford Loans, you must have financial need as determined by your school%26lt;!--You must be a U.S. citizen, permanent resident, or eligible non-citizen. You must be enrolled at least half-time. You must not be in default on any education loan or owe a refund on an education grant. Below, we have highlighted the specific steps for completing the Stafford Loan process

http://best-loans.awardspace.com/student...

The FAFSA is the first and most important step towards getting a Stafford Loan; you can%26#039;t get a loan without filing yours, and it%26#039;s also free. You can file your FAFSA electronically at FAFSA Online--%26gt;be sure to include the school%26#039;s FAFSA code (or prospective schools, if you are a high school student) to ensure that the results are sent to your school%26#039;s financial aid office.