The Motley Fool Discussion Boards

Previous Page

Personal Finances / Paying Back Student Loans


Subject:  Re: Lose ability to get deferments/forebearances Date:  6/28/2001  8:48 PM
Author:  PaigeTurner Number:  381 of 4855

<<I have read in the past that many times when you consolidate your student loans you will lose your ability to get deferments
and/or forebearances>>


I do not think that with Direct Loans you lose your ability to get deferments/forbearances etc. when you consolidate. If your loan currently is in a deferment / forbearance, the consolidation of the loan creates a new loan and you have to re-apply for the deferment/forbearance that you were/are eligible for.


Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us