Important Things to Know About Losing Student Loans in College

If you are preparing to enroll in college and have your financial aid in place to pay for it, you should primarily be looking forward to the fantastic opportunities your hard work has afforded you. Something to keep in mind, however, is what you have to do in order to make sure your financial aid serves you throughout your college education.

Here are important things to know about potentially losing your financial aid in college.

Dropping Below Half-Time As A Student

Private and federal loans both require you to be registered at least as a student half-time in order to qualify for financial aid each semester. Typically, this means registering for at least six credits per semester when you are getting a four-year degree. The primary danger of falling below half-time when you are using student loans is that your repayment deferment will end and your repayment period will begin. That can be a lot of trouble if you do not have the money to make your monthly payments.