Internships and Deferments

[Balki]

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Hi guys, I have a quick question. Does anybody have experience with deferring loans during OMS Internship? Is it possible/doable. If so was it difficult and who did you talk to, to fill out the form? Who may I contact for further questions?

My concern is that even though during internship one is a full time student/resident (perhaps even more than that) the position is still not accredited and i was worried if that comes into play when deferring loans.

Thanks for your response
Balki

 

[Motown]

It depends on the type of loan and the loan provider. Just contact your loan provider and ask them what options are available - the phone number is at the top of that statement you have been receiving at interval since you took out the loans/otherwise contact your school's financial aid department. Many of them have what is called an economic hardship deferment which is based on income rather than your in-school/residency status - you will more than likely qualify.

 

[Balki]

Thank you for your reply