If I'm planning to take online college classes, will that affect whether my student loans are deferred or not? I'm trying to understand how financial obligations work with virtual classes.
The format of your classes, online or in-person, typically doesn't change your standing with student loans, as long as the credits are from an accredited institution and you are enrolled in a degree program.
In order to keep your student loans deferred, you'll usually need to be registered at least half-time in your college's degree program. The definition of half-time registration can vary among colleges, but often equates to taking about six credits per semester. Online classes will usually count towards this like any traditional class.
However, it's worth noting that different student aid programs may have specific enrollment requirements, so you'll want to check the specifics with your loan provider or the financial aid office at your school.
Lastly, always keep in mind that you'll need to start paying back your student loans once you are no longer enrolled at least half-time, even if you have not finished your degree. This is another factor to consider if you are only taking a few classes.
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