Question on student loan deferments

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Question on student loan deferments

Postby alohabear » Fri Aug 31, 2012 2:10 pm

Some background info: I have three remaining student loans. All are subsidized federal Stafford loans, and all are serviced through Sallie Mae. My loans have gone into deferment twice, once when I started grad school, and then a second time a few years later when I went back to complete grad school. I did not request a deferment either of these times; I just received notice from Sallie Mae that my loans would be in deferment after I had enrolled in school.

Current situation: I've been accepted into a graduate program that my work sponsors. I'm trying to figure out whether my loans will automatically go into deferment again. While I have no plans to request deferment, it would be a great opportunity for me to knock down a significant amount of the remaining principal.

Some differences between the current program and my previous grad school enrollment:
1) This program is only for a graduate certificate (six graduate-level courses) as opposed to a full graduate degree.
2) The program is set up as a two-year program, so I'll be enrolled in only 3 courses per year, whereas I was enrolled in 5 courses/year previously.
3) My work pays for this program, not me.

I have a feeling the key is whether the 3 courses/year counts as half-time or not. If anyone has any experience with this or information they can share, I'd appreciate it.

Ms Kitty Cliche
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Joined: Fri Jul 27, 2012 8:28 am

Re: Question on student loan deferments

Postby Ms Kitty Cliche » Fri Sep 21, 2012 6:39 am

You are correct - the key is whether or not it is considered half-time. A certificate course, if offered by an institution that also offers full degrees, is generally considered pursuing an academic course of study.

The aid office should be able to help, or you can try calling the general FAFSA line - although I'd wait until October when it should be a bit less busy.

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