What happens to my Direct Loan if I do not attend school at least half-time (6 credits per term)?
The government pays the interest on a Subsidized Direct Loan as long as you are enrolled in school at least half-time or are in your grace period. Your loan will enter repayment six months after graduation or dropping below half-time status. Typically, a student who is taking 6 or more credits is considered half-time. It is important to check the enrollment status requirements at your school to be certain you are enrolled at least half-time.
Related Questions
- What happens if my child currently does not attend a Saint Paul Public Schools and I do not apply to or call any school?
- Does the student have to attend school on at least a half-time basis to be eligible for The Educated Borrower® Loan?
- What happens if my child is ill and unable to attend school for an extended period?
