So this semester I enrolled in 9 credits - one 5 credit class and one 4 credit class. But the 5 credit class was cancelled due to low enrollment, and I could not find another that would fit with my work schedule. So I just figured “Fine, I’ll just take this one class this semester and then take 12 credits in the spring”. My financial aid award was cancelled (I’m only taking stafford loans), which I was okay with, because I could cover the cost myself for just that one class.
But then I found out that if you drop below half time, your grace period automatically starts for repayment on the loans. I looked online today, and it said that my grace period started at the end of last spring’s semester, and I have apparently been “in repayment” for a month now. But the thing is, I can’t afford to start repaying them, not while I’m enrolled. I’m going to take 12 credits this coming semester, I’ve already enrolled and paid the tuition out of my own pocket. Will the loans stop being in repayment once this coming semester starts, or are they going to expect me to start paying back even while I’m enrolled? I’m kind of freaking out right now.