What will happen to these loans?

twoinanddone
Tue, 03 Dec 2019 16:03:57 +0000

They cannot disburse the loans if you are not enrolled. Make sure you have correctly withdrawn from school (and the dorm).

The loans you took for the fall will have a 6 month grace period and then will go into a repayment schedule. If you go back to school in June, no problem. If you go back to school next fall, the payment status will change back to deferment.