My student doesn't graduate until June, and then is going right into a Master's program. My ParentPlus loans are deferred while he is in school so I am not currently making payments. If I consolidate, I have to immediately start making payments. I know the application for consolidation has to be in by April 1. It looks like I can delay processing for loans in a grace period – but does that mean that my application won't meet the April 1 deadline? They'll have it submitted – just the processing is delayed. Thanks for any insight.
Loans in a Grace Period
If you choose to consolidate at least one loan that is in a grace period, you can request that your servicer delay processing the consolidation. If you would like your servicer to delay the processing of your consolidation application, indicate the length of time you would like to delay processing by choosing from the dropdown box below.
Consolidating a ParentPlus Loan while in grace period/deferment.
byu/jenbar inStudentLoans
Posted by jenbar