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moms2one
I am New to SFV
Posted
Question. I had an FSL that has been in forebearance for a year now. I have paid on it off and on over the last couple of years but due to illness had to suspend payments.

It's due to restart the end of this year which is fine. I was never late on it.

I only have 8 classes left before I graduate and have run out of available options to pay for the remaining classes.

My question is are you able to "add on" to your original loan amount? Meaning that I would like to apply for the additional money and have it added on to my current balance. Does anyone know if this is possible or what the rules are concerning this?
 
Posts: 2 | Location: Chicago | Registered: 05 June 2004Reply With QuoteEdit or Delete MessageReport This Post
Chicagomom1
"Mod Member on Board"
Parent on Board
Posted Hide Post
You say you are taking classes now?? Then why are you paying for your student loan. The rules of a federal Student loan is that you don't have to pay for it as long as you are taking classes. As far as adding on I believe you can. I would check with the financial as office at the school you plan to attend.


quote:
Originally posted by moms2one:
[qb]Question. I had an FSL that has been in forebearance for a year now. I have paid on it off and on over the last couple of years but due to illness had to suspend payments.

It's due to restart the end of this year which is fine. I was never late on it.

I only have 8 classes left before I graduate and have run out of available options to pay for the remaining classes.

My question is are you able to "add on" to your original loan amount? Meaning that I would like to apply for the additional money and have it added on to my current balance. Does anyone know if this is possible or what the rules are concerning this?[/qb]
 
Posts: 159 | Location: Chicago, IL | Registered: 04 May 2003Reply With QuoteEdit or Delete MessageReport This Post
moms2one
I am New to SFV
Posted Hide Post
Thanks for the reply. I am only taking one class a semester. I think you have to have at least 6 credits per semester or something in order to have the payments deferred.

Anyway you seemed to have answered my question, thank you very much. I will check with Sallie Mae next week to see if this is doable for me.
 
Posts: 2 | Location: Chicago | Registered: 05 June 2004Reply With QuoteEdit or Delete MessageReport This Post
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