<p>if you drop out or cut to less than 1/2 time, I understand you need to start paying back your loans ... what if you drop out (or are kicked out) and then return to full time the following year? Do you continue to pay back the loans you started paying on, while taking new ones for the new semester? or can you stop paying on the old ones until you do graduate?</p>
<p>Federal student loans go into repayment 6 months after you graduate or drop below half time (9 months for Perkins). If you go back then they can go back into deferment. I don’t *think *you get to have a redo on the 6 month grace period on those particular loans once they have been in repayment (ie once you graduate/drop below 1/2 time they will go straight into repayment).</p>
<p>i believe when you go back you can stop payments and resume, but interest will be added</p>
<p>I’m with swimcatsmom.
Our son has undergrad staffords, about 17K. They went into repayment for ONE month before he started grad school. Then he got them to go into deferrment, no interest I don’t think as they were subsidized.</p>
<p>Then he did take one 4K sub stafford first year of grad program.</p>
<p>He graduated in May. His undergrad staffords IMMEDIATELY went back into repayment, as in no re-do on the grace period.</p>
<p>His one grad loan seems still to be in grace till Nov 2011.</p>
<p>Sure do hope a job materializes by then.</p>
<p>ooops, double post!</p>