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I have taken out some Direct Loans in the past for my education. I graduated in December of 2007 and did not enroll in Spring 2008 but have enrolled in Fall of 2008 with hope of getting into a graduate program. I have enough hours to designate me as half-time status. My repayment options on my loan are about to kick in but since I am enrolled half time or more they should be deferred again I believe. Do I need to contact Direct Loans and let them know or will they check the National Student Clearinghouse or some other source for this information? I was under the assumption they would just check it but do I need to contact them?
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Tags: Assumption, Contact, Direct Loans, Education, Financial Aid, Financial Loans, Graduate Program, National Student Clearinghouse, Repayment Options, Spring 2008, Time Status
September 2nd, 2008 at 4:27 am
As the MPN that you signed will state, it is ultimately your responsibility to notify the lender of changes in your status. Direct Loans does review the NCH, but better safe than sorry. Let them know you are qualified for the in school deferment before your grace period ends, and it will be there for you after you complete your next level of schooling. Good luck
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