Deferment and stuff...

[murpstud]

So this might be a dumb question, but I'm about to graduate from undergrad and am being asked to do my Exit Counselling. I'm going to grad school next year. Do I do the exit counselling and that's it? Will the gov't know that I'm in grad school in the fall and keep my loans deferred or do I have to do something. I have a private loan as well, and I think I have to let them know that I'm staying in school. Is it easier than I'm making it out to be?

Thanks in advance.

[mmm35]

For government loans, I know that there are forms on the loan servicing website. I haven't looked at them yet, but I'm guessing you will have to do the exit counseling (which is mostly just what repayment plan you want and a stern reminder that you have to pay them back) and then fill out the deferment forms.

I don't know anything about private loans, but I'm assuming it is similar . . .