How to defer a college loan?

Can I go to community college to defer student loans?

  • I'm in school right now, but because of family circumstances, I might have to drop out. I have about 30,000 in student loans that I cannot pay back right now because I am ...show more

  • Answer:

    Yes, it will defer your loan. However, I think you must be enrolled half time in college in order to defer your loan. After you stop attending or if you become less than that you have six to nine months to pay it. So if you do plan to enroll to a community college just get a verification enrollment form and send it off to your lender and that's how its deferred. About taking out more student loans, it depends on your financial aid. There might be a slight chance you could qualify for a grant or scholarship just speak to a financial aid advisor.

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Enrolling in community college IS still continuing in college. Yes you would have to contact your lender and let them know you are transferring.

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