If I owe loans that aren’t due until I graduate, what will happen if I take a semester off?

Great question. Ask your school loan adviser to be sure, because it could be that they all come due. If that happened to me right now, I’d be in a world of hurt.

Based on your question I am going to guess that you have Unsubsidized Federal Stafford loans. These loans are deferred as long as you maintain at least a half time status at your school. If you fall below half time or in your case take a semester off you will go into what is called a grace period which is for 6 months. As long as you go back to school within 6 months you will not owe a payment but keep in mind you only get 6 months so if you use lets say as in an ex. 2 months and you go back when you really graduate you will only have 4 months left in your grace when you graduate and you will then start payment on your loans

I use to work in financial aid and I’m a student now. This is how it works. With any federal student loan, you have a 6 month grace period. So when you graduate, you have 6 months before you have to make your first payment. Now, if you decide to take off a semester then you don’t have to about paying unless you go over that 6 months. If you stay out of school for 7 months you lose that grace period and will need to start paying. But if you take 3 months off and go back then you don’t have to pay anything and when you go back to school and later graduate then you have 6 months after you graduate. The only one time this doesn’t apply is if you have private loans instead of or in addition to federal loans. You will need to talk to your finanical aid office at your school or your lender directly to find out what you have if your not sure.

most require you be in school at least 3/4 time or start to pay 6 months or 9 months later.

check the fine print.

maybe you can do this as long as restart before repay time to begin it’ll be OK,but maybe not

see if there are any clauses about his issue in particular.

discuss options with the school financial aide officer.

get any advice from the loan grantors or teh school you take in writing too!

you will have to start paying them before you graduate, and you will not be covered under your parents insurance