Please be sure to include your name and Social Security number on all correspondences. Yes, your guarantor has a record of your loans and who currently owns them. Student loans go into repayment six months after you cease to be enrolled at least half-time, or after you withdraw from school. For parent loans, repayment begins 30 days after the last disbursement of the loan is made. Through deferments, forebearance or continuance in school, your loan may have the payments postponed.
Deferments allow the borrower to temporarily postpone certain payments in certain situations.
In order to qualify for a deferment, you must meet specific eligibility requirements for that type of deferment. When you are not eligible for a deferment, a forebearance allows you a temporary postponement of your loan payments. However, during a period of forebearance, you are responsible for the interest that accrues. Contact your school's registrar or financial aid office to obtain an Enrollment Verification. It is possible that you may be eligible for several options to lower your payments.