Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 166
Registered: ‎04-04-2011
0 Kudos

Extending Grace Period with MyFedLoan

I have a question about how to extend the grace period for my student loans through  


I graduated with my psychology M.A. in May of this year with $17,000 in SLs.  These loans were taken out prior to July 1, 2012, so it is my understanding that interest will continue to be paid by the government while I am in school.  With that said, I will be starting the MBA program at the same school I got the M.A. this fall (I already registered for classes), which supposedly will keep my loans in a grace period until I finish the program.  From what MyFedLoan tells me, I don't need to do anything at this point as they will pull my enrollment information from some online database indicating that I am enrolled full-time in a graduate program.  I am somewhat weary of this statement as I don't know if schools actually post online that I am enrolled full-time (the school is California State University, Fullerton).  Is it true that they do this even if I won't be taking out any more SLs (I plan to pay as I go)?  Should I trust what MyFedLoan is telling me?  The school told me to have MyFedLoan fill out a deferrment form so I can submit it to the school.  Which is true?

Starting Scores (lender pull 3/27/10): 759 (EQ), 752 (TU), 749 (EX)
Current Scores (myFICO 4/4/11): 768 (EQ)
Goal Scores: 800

Take the FICO Fitness Challenge
Senior Contributor
Posts: 4,329
Registered: ‎09-06-2008
0 Kudos

Re: Extending Grace Period with MyFedLoan

Interest will be paid by the government on subsidized loans only, just to clarify.  Not sure if you already knew that or not.


As long as you are in school at least half-time, you shouldn't have to do anything.  The key word there is "shouldn't".  I have never had a problem with taking summers off & then going back in the fall, & not having my student loans go into repayment unexpectedly.  & I've been in school for quite a while.  But you may want to keep an eye on it just in case.  I don't think either source is giving you bad information.  Some places do not update enrollment electronically, so you have to fill out the forms all the time.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.