do you have to start paying back private student loans if you go from full time student to part time?
I have a private student loans through jp morgan/ chase. I am a full time student this year and the loan is only for this academic year (ie: i would have to re aply next year) but next year I will have to drop down to part time ( 6 credit hours) for personal reasons. My payments are deffered until 6 months after I graduate like normal, but my question is do I have to start paying them back next year because I am dropping down to part time and also attending a different university?
Thanks in advance =)
It depends on what Chase’s policy is. I work for Campus Door and our private loans are deferred until twelve months after graduation or six months after you drop BELOW half time. So since six credits is usually considered half time, you would still be fine. Just call Chase and double check. Good Luck!
