When does repayment of loans start?
Some background; my daughter is currently enrolled in a Nursing program at our local tech school. It is geared schedule wise to 'returning students' so spreads the 90 credit Associates Degree over a 4 year period with one semester off, which is the second half of the second year. Her semester off will be spring of this coming year. She IS already accepted into the Nursing Program (doing prereqs. right now) for the fall of 2013, which will be after her semester break.
I have read and heard various things that repayment on loans (Stafords) must start 'when a student is no longer enrolled at least half time'. So, does that mean she will need to start repayment during her 'non enrolled semester', or not since she is just following the schedule of the program as set up?
And I guess as a second question; IF she needs to start repayment, does that get 'deferred' when she is once again taking classes 6 months latter?
Thanks for any help,