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Cancel loans grace period or not?

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  • Cancel loans grace period or not?

    I'm starting intern year this summer with 204k in loans. My original plan was to cancel the 6 month grace period, file the PSLF form, and start making $0 payments right away to get started on the 120 payments. With loan payments delayed until August, should this change my calculation? Seems like I should still take advantage of $0 payments and get credit anyway, but would love some second opinions. Thanks.

  • #2
    do not enter grace period/enter forbearance. start those $0 payments right away

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    • #3
      Yes. Consolidate right after you graduate and enroll into an IDR plan. Those months in grace period historically haven't counted towards PSLF. Might as well get credit for them.
      Helping student loan borrowers manage their student loans. StudentLoanAdvice.com. [email protected]

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