A time when you are not required to make payments. During the deferment, interest continues to accrue on the loan. Deferments may be granted for reasons such as half-time study, unemployment, economic hardship, graduate fellowships and rehabilitation training. If you are more than 90 days delinquent, your delinquency will be reported to the national credit bureaus and will negatively affect your credit rating. The date the loan check is issued by the lender.
Some lenders issue loan funds electronically.
The office at a college, university, vocational school, or community college that determines a student's eligibility for financial assistance. If a student has specific questions about his or her individual financial aid package, the student should contact his or her financial aid office. Interest continues to accrue on your account. The form is used to determine the amount each family is expected to contribute towards their student's educational expenses. A period of time that starts when you cease to be enrolled at least half time and ends when the repayment period starts.