What Happens To Subsidized Loans For College If You Take A Summer Off?
A Reader Asks…
Subsidized loans for college, says the goverment pays the interest as I attend school at least on a half time student. Which is 6 credits a semester. But what if I only take one (3credit class) or even take the entire summer off? Will I be responsible to start paying for my loans, even if I would go back in the Fall Semester?
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Tags: College, Happens, Low Rate Loans, Subsidized, Summer, Take, What
July 11th, 2009 at 11:51 pm
Well, if you fall below part time for 6 consective months, then you have to start paying them back and interest WILL then start to incrue.
That is fine though, everyone doesn’t do summer schoool. So just get at least part time during fall sessions and everything will be fine. Summer months only last no more than 3.
July 12th, 2009 at 2:48 am
No, all loans are differed until 6 months after you take your last class or graduate. If you are enrolled for the fall semester your loans will be able to stay in a state of different.