credit rebuilding

[boosie1979]

I also wanted to know since I'm currently a student my student loans show default is this hurting my credit and should that show since I'm currently a student and haven't started making payments which was arranged until I graduate?

[Anonymous]

If they are deferred - you need to get on the phone first thing and get that fixed-

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boosie1979 wrote:

I also wanted to know since I'm currently a student my student loans show default is this hurting my credit and should that show since I'm currently a student and haven't started making payments which was arranged until I graduate?

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[ChemGuy]

Be aware that only subsidized Stafford loans are guaranteed to be deferred until you graduate (government pays interest while you are in school).  Unsubsidized Staffords and all other private loans usually require you to pay interest in school.  So, if you have any of these loans then it is possible that you will have been missing payments on interest.  Note that it is easy to rehabilitate a student loan, but if you are truely in default (meaning you have missed between 205-270 days of payment) then you will not be able to apply for another student loan until those loans have been rehabilitated for at least 12 months!  If you want to pursue graduate study, Grad Plus loans have an automatic requirement of 5 years since default.

[Anonymous]

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@ChemGuy wrote:

Be aware that only subsidized Stafford loans are guaranteed to be deferred until you graduate (government pays interest while you are in school). Unsubsidized Staffords and all other private loans usually require you to pay interest in school. So, if you have any of these loans then it is possible that you will have been missing payments on interest. Note that it is easy to rehabilitate a student loan, but if you are truely in default (meaning you have missed between 205-270 days of payment) then you will not be able to apply for another student loan until those loans have been rehabilitated for at least 12 months! If you want to pursue graduate study, Grad Plus loans have an automatic requirement of 5 years since default.

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With my Unsubsidized SL they just roll the interest into the amount I owe them, I don't have to make payments on it while in school (though they send me the slips in case I want to).

[MidnightVoice]

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tessarue wrote:


With my Unsubsidized SL they just roll the interest into the amount I owe them, I don't have to make payments on it while in school (though they send me the slips in case I want to).

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Ditto for DD

[braznyc]

Did you stop school at any point, or take off a semester, drop below half time? That is the only time the Unsub and Sub SL will require payment, and it's 6 months after you stop school, or drop below half time, etc.

I pay on my Usub SL now, since I work and go to school. I just don't want this mountain of debt. Citibank assured me several times I was no way obligated to pay as long as I followed the rules of either in school, don't drop below half time etc. So yeah contact them because something sounds strange. My SL all say "pay as agreed" and "deferred".