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| Posted by | Message | TigerMyth36 
LSU Fan
River Ridge
Member since Nov 2005
24269 posts
| Student Loan Deferment Question (Posted on 4/11/12 at 7:34 pm)
My sister was told by Nelnet, that she can't defer her loan because she is paid several months in advance and can't defer until she owes money.
So, she is still accruing interest until she can defer the loan.
Are they screwing with her? Is it true she can't defer the loan until she catches up with her payment cycle?
Any ideas? It is going to cost her about $600.00 she doesn't have.
| | Back to top | Share on  | ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5751 posts
 Online
| re: Student Loan Deferment Question (Posted on 4/11/12 at 8:08 pm to TigerMyth36)
My guess (and this is just a guess) is that there is some loan system restriction that prevents them from applying the deferment when there is no payment due. I would say that if this dialog took place over email, she should talk to a live person.
I'm assuming she gave them a large, one-time payment at some point, causing her to be "ahead". Why didn't they apply it to the principle balance?
| | Back to top | | TigerMyth36
LSU Fan
River Ridge
Member since Nov 2005
24269 posts
| re: Student Loan Deferment Question (Posted on 4/11/12 at 8:31 pm to ZereauxSum)
Don,t know. Oh well, i guess she is screwed until she can defer it.
| | Back to top | | TortiousTiger
Baton Rouge
Member since Jan 2007
12658 posts
| re: Student Loan Deferment Question (Posted on 4/11/12 at 9:21 pm to TigerMyth36)
interest is still accrued during deferment, is it not?
| | Back to top | | TigerMyth36
LSU Fan
River Ridge
Member since Nov 2005
24269 posts
| re: Student Loan Deferment Question (Posted on 4/11/12 at 9:39 pm to TortiousTiger)
quote:
interest is still accrued during deferment, is it not?
Not necessarily. Depends if the loan was subsidized stafford or not.
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