ALA YotesPhan
Registered User
It can be 6 months from when you drop below half time. Have a family emergency or otherwise have your studies interrupted? Can't afford it? Work conflict? Grace period starts ticking, even if you haven't graduated. Student loans also stick with you in a big way. A lot of kids don't know what they are signing up for, and plenty more have no other choice. All in all, it's a pretty ****ed up system. It will pop.
They have figured it out. As a parent of two college kids, I now have over 100k in their student loans to repay. Too many students are without jobs and unable to pay, therefore Sallie Mae asks who "claimed" the student on the previous years taxes, if it is the parent, then the student gets a small $2700 student loan and the parent gets the rest.