Student Loan Forbearance - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Lemonade Stand > Lemonade Stand Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 03-18-2003, 01:24 PM   #1
Blue Crack Addict
 
meegannie's Avatar
 
Join Date: Oct 2001
Location: Norwich, England
Posts: 15,798
Local Time: 06:08 PM
Student Loan Forbearance

Is claiming forbearance on a student loan a bad thing?
__________________

__________________
meegannie is offline  
Old 03-18-2003, 01:53 PM   #2
Acrobat
 
AngelofLarrydom's Avatar
 
Join Date: Aug 2002
Location: Chicago...looking at my awesome view of the Sear's Tower
Posts: 451
Local Time: 12:08 PM

I don't think so....I had to do it once because
I had a lot of bills to pay so I didn't pay for
about 6 months. The downfall is that interest
sill acculmats on your balance.
Plus it won't hurt your credit rating because
you are being "forgiven" for not paying.

Or you can pay like $50 a month too.
you should call them, they are very helpful.
__________________

__________________
AngelofLarrydom is offline  
Old 03-18-2003, 02:07 PM   #3
Rock n' Roll Doggie
 
ouizy's Avatar
 
Join Date: Jan 2001
Location: s p o r a t i c
Posts: 3,788
Local Time: 01:08 PM
meegannie,

I just PM'd you...
__________________
ouizy is offline  
Old 03-20-2003, 10:21 AM   #4
The Fly
 
Join Date: Apr 2001
Location: boston, ma, united states
Posts: 88
Local Time: 06:08 PM
If you are not delinquent on your loan, you should have no problems. What kind of loan is it?
I know that Perkins Loans automatically grant you 36 months of forbearance. So you can wait to pay. But your interest will still accrue.
Guess who works in student loans? (loser, me)
__________________
pukebreath is offline  
Old 03-20-2003, 11:08 AM   #5
Blue Crack Addict
 
meegannie's Avatar
 
Join Date: Oct 2001
Location: Norwich, England
Posts: 15,798
Local Time: 06:08 PM
They're Stafford loans. I've been out of school for 2 years, but I'm going back to get my Masters in the fall. I'm quitting work at the end of May, but I don't start classes until September, so I'm trying to figure out a way that I don't have to pay during the summer since I can't work.
__________________
meegannie is offline  
Old 03-20-2003, 11:26 AM   #6
The Fly
 
Join Date: Apr 2001
Location: boston, ma, united states
Posts: 88
Local Time: 06:08 PM
You should be able to file forbearance, then in the fall, just pay the accrued interest from summer. Then you can file student deferrment and not have to worry about it.

But, be sure to file for student def every semester, or your loan goes delinquent, and that hits your credit report.
__________________

__________________
pukebreath is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 01:08 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com