On medical leave from college due to surgery & student loan company is giving me problems. Please, help?
November 10, 2010 by admin
Filed under Student loans
I’ve been going through different treatments for the past 5 months for my back, finding out that I might need surgery and will be off for some time, I called the Student loan company before the next semester started. I asked them what I should do in this situation considering that I don’t want to start paying the Student loan but how hard it is to concentrate on school work with pain in my back. I had 2 different ladies tell me about this forbearance that will help so I won’t have to pay on the loan in this time of need. Trusting what these ladies had said (I called them at different times) I went through with this and called off this spring semester for medical reasons. I just called the company today since I got a letter in the mail. They pretty much threatened me with Student loan payments that will be coming in July and were not the nicest of people. I am so upset, I’ve never felt so much dishonesty literally I am crying. Has anyone ever had this situation or can explain so I can understand? – - Please be kind
words of inspiration could help too 
Not what I was looking for but it made me chuckle
A forbearance is an option; however, you have to apply for this and it’s up to the lender to grant your request. It’s still early, and I would assume that you haven’t used your 6-month grace period yet. If you’ve started your grace period and it would end in July, then I would suggest calling your lender in May (or visiting their website for information) and requesting deference or forbearance again. You may be denied again, at which point you’ll need to make your monthly payments. If you don’t pay monthly, it will be considered a loan default which will leave you ineligible for further financial aid (and of course a host of other problems). Sorry that it’s not better news, but lenders aren’t required to grant deferments or forbearance requests – it’s solely their discretion.