Friday, July 24th, 2009

Can you un defer a student loan and begin payment before a current set deferment date?

Loan Deferment
Ray M asked:


I set my loan to be deferred until 2009 but I am graduating next month. I want to start paying down the balance. Is that possible? Also, if I wanted to start sending payment while in school and in deferment status can I start sending money to Sallie Mae to pay down my loan?

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2 Responses to “Can you un defer a student loan and begin payment before a current set deferment date?”

jurydoc Says:
July 25th, 2009 at 12:06 pm

You can pay at any time whether in deferment or not. No need to “undefer” just make the payments.

meljab Says:
July 27th, 2009 at 8:35 pm

Ugh. Sallie Mae! I would call them and ask them. Also, protect yourself they are very sneaky with payments and interest rates. I would pay them only by check with the loan number and date on the check and keep bank statements with the check picture or cancelled check. I am not sure if you can pay the principal in deferment status but I am pretty sure you can pay the interest that they capitalize each year so that you dont end up paying interest on your interest!!

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