Graduated in December 2023, but federal student loan servicer still lists my loan status as "in school" and that repayments will not begin until December 2025?
My understanding was that after I graduated, I would have a six-month grace period, during which no loan payments would be due.
At some point during that six-month grace period, my university should have notified "the feds" or my loan servicer that I had graduated, so that they could appropriately adjust my loan status and start date of my repayments.
Well, we are seven, almost eight months post-graduation, and my loan repayments still are not due to begin until December 2025.
I'm still looking for a job, so if I can continue to put off repayment, that would be great.
Of course, if my loan status finally updates, and the servicer realizes I was supposed to start repayment in July 2024, but didn't, then that would not be great.
What do?
Literally this evening I intended to just go ahead and sign up for the SAVE plan, so I wouldn't have any payments until I got a job, even if my loan servicer woke up and realized their mistake. Unfortunately, republicans hate America, so that plan is looking dead in the water. I might go ahead and try to sign up anyways. Maybe I will continue to get lucky.
I'd say just take the W. It's not your fault. I still haven't paid into my student loan and I've been out of college for many years.
Still salty that I was approved for forgiveness and the Republicans took that away. So maybe I'm a little biased.
I wouldn't be worried about any ramifications though if I were you. They'll update you if it's truly important.