Why are they already billing me for my student loan?
In 2009, I took out a Stafford Loan and was told I wouldn’t have to pay on that loan until I graduated high school. I got the loan again the next semester and this past semester. It’s one that doesn’t accrue interest until you graduate.
Well, I’m about to transfer to a 4 year university and I’m still enrolled as a full time student. Today I got a letter stating that my payments would start as early as next month for the loan.
I signed on to their website to access my information and it looks like they have listed that I took out two totally separate loans and that one is in the grace period and one says the status is “In School”.
I’m still a student, so I shouldn’t have to pay these until I’ve graduated. I don’t understand why they’re saying the payments are starting. Does anyone know why this might be?
It’s only $50 a month, so it’s not a huge deal, but are they going to make me pay on all of my loans each semester? I was under the impression that these loans just built up each semester and I paid it all off after I was out of school, just like my friends are doing.
I just don’t get it. Any ideas?
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