student loans: the government in action

[jtyangel]

Well, just to give everyone a taste of how much fun gov. run healthcare would be. I have already AUTOMATICALLY with communication between my school and Great Lakes Loan Servicing received my deferment as a student, however the US dept of ed which bought a portion of my loan still does not seem to realize that I am a student again although I'm halfway through the semester and is sending me letters for payment continuously. Apparently it is not automatic with them, they don't communicate with the school, unless I fill out--you guessed it--paperwork.  Once again, we see how efficient the government is that they can't even communicate with the organizations they are supposed to be working with to 'help' people.  The kicker: this is holding me up from getting ready for a job fair I want to attend in a short while

[Randy]

But if you get a job wouldn't you have to like, repay the loan? 

[BEG]

My son was filling out student loan stuff the other day and found out Sallie Mae changed the rules as of this year and apparently he has to make interest only payments while in schoo.

Correction:  We have to make the payments as our son has no money. I don't know how they figure a student can make payments while in school full time. I hope he read the info wrong and there are no payments due until he graduates.  

[Crazy Horse]

Six more years...............six more years and mine are paid off, but hey I have a nice degree to show for it.....................wait a damn minute all I got is a HS diploma...........WTF 212 semester/quarter hours and not a damn thing............

[jtyangel]

But if you get a job wouldn't you have to like, repay the loan? 

Your real funny, Randy, and that's what I would have been doing had I actually found one by now, jackass! In the meantime, I have to make provisions to defer the damn thing and my point was the process was pretty simple with Great Lakes, however the dept of ed it is very complicated to do something that seems to be very streamlined for another organization(I'm assuming at least a semi-non governmental one). BTW, I didn't make the loan with the dept of ed, they bought out about 25% of my student loans. Don't worry, I keep accumulating interest and seeing as I stayed and cohabitated and lived with my estranged spouse instead of divorcing him 1st and getting a pell grant or something as a single mother with little income, nobody on this board will have to pay a dime of my education.

[Randy]

I was thinking like a Government drone. Pay us, pay us NOW. 

I was under the impression everything was deferred until the graduation/dropping out of school.
This and BEG's story are the first time I'd ever heard of demands of repayment before then.