forbearance after fellowship

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psych1980

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Hi-

How long after I graduate from fellowship do loans go out of forbearance? I'm assuming its not immediate- is there some sort of grace period? I'm trying to close on a house and need to show documentation of forbearance for 12 months-- but we don't close until around September. Is there a 2-3 month wait until those loans kick in?

Thanks,
Amanda

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As mvenus929 mentions, we don't know the exact details of your forebearance. Only you and your loan servicer do. If you don't remember the details, give them a call.

Typically fellowships do not put your loans in automatic forbearance (like how going back to school puts them back into in-school status), so you may have asked your lender for the forbearance. If your loans are federal loans, you typically get something like 1-3-years worth of general forbearance--you just have to ask your servicer and then send in a form. That 1-3 years doesn't include hardship forbearances.

If your loans are private everything is entirely up to the loan servicer.
 
Are these government or private loans? Forbearance capitalizes your interest, its not a good move.
Why are you not in IBR?
 
With the caveats that this was years ago and for federal loans, my first payment was due 6 months after the end of my forbearance.
 
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