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$0 income, Deferment, Grace periods

Discussion in 'Financial Aid' started by wipedown, Jun 18, 2008.

  1. wipedown

    wipedown 2+ Year Member

    Feb 23, 2007
    After graduation and before starting residency, one makes no income. Therefore, that person qualifies for deferment (let's say for 12 months).

    However, some of his loans have a 6 month grace period. Since loan payments on grace loans are excluded from deferment calculations, he would not qualify for deferment had he applied during those 6 months.

    Is it acceptable to apply for deferment while at $0 income, then re-apply *after* the grace period is expired, in order to maintain deferment at all times?

    Or must one change to forbearance during the 6 month grace period, then change back to deferment afterwards?

    My understanding is that most students do it following the former scenario and that this is not a problem. Thanks for any help!
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