<p>This may seem like a silly question, but I've wondered about it for quite some time, since I never receive any sort of update relating to my student loans, private or federal. </p>
<p>I am really interested in knowing how much I will have to pay monthly for each of those loans, but I can't find any information about them on my accounts with the lenders. For example, do you pay monthly on each of the loans that you take out separately, or are payments determined by the total dollar amount that you accumulate over your college career? In regards to federal aid, does anyone know how to find out the total amount you have accrued of Stafford loans, subsidized and unsubsidized? I can find this information in my accounts for Direct and Perkins loans, but not the Staffords. </p>
<p>One more thing, my Direct Loan account indicates a much earlier date than the actual date by which I expect to have graduated. I have already contacted, via email, a representative about this matter, fearing that I may in the future be approached for payments even while I am in school, to which that person responded by giving me an in-school deferment form to fill out and return. My concern is whether applying for a deferment might preclude me from obtaining another one in graduate school, which I know for certain I will be attending. Does anyone know if there is a limit to the number of times deferments may be requested?</p>
<p>No one here has had experience with lenders claiming their student loans? How did they do it? If you had a combination, such as Perkins, Stafford, and Direct, since the government offers them, did they all come in one bill for a lump monthly payment, or were they separate? I'm assuming it's the latter, since they all have different terms of condition, right? Should I just assume that the lenders will send me notice about repaying my loans when the time comes? Do they send "warning" letters, i.e., letters send before repayment period is to begin, in which notification about impending payments is made?</p>
<p>No one here has had experience with lenders claiming their student loans? How did they do it? If you had a combination, such as Perkins, Stafford, and Direct, since the government offers them, did they all come in one bill for a lump monthly payment, or were they separate?</p>
<p>When you begin your grace period, your lender will send you information on repayment terms. You will also be told how much your monthly payment will be. It is difficult to calculate that information prior to completion because the information can change. You will get multiple notices from each lender, as the terms are differnet and interest is calculated differently. You will also get multiple notices prior to your first payment coming due.</p>
<p>Regarding in-school deferment forms. You can fill out multiple requests, as long as you continue to qualify for the deferment. However, remember that interest will still accrue on any unsubsidized loans while they are in deferred status.</p>
<p>My kids both indicated they wanted to pay the interest while in school and so every quarter received an interest bill which had the totals and we could see them increasing each year for the Staffords.
Then my son consolidated and did not choose to pay interest but the statements still came.
But I think it depends on who you have for your loan and where it goes through.</p>