Existing Loans

Discussion in 'Naval Academy - USNA' started by 2017KNR, May 2, 2013.

  1. 2017KNR

    2017KNR Member

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    For those of us who reapplied and attended a four-year university for a year, does anyone know or have any experience dealing with existing student loans? Are we responsible for getting them paid off? Or is it possible to have the loans paid for or waived upon graduation or commissioning?
     
  2. balloonattack911

    balloonattack911 Member

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    I went to college last year and now am now a Plebe at the Academy. I owe about $6,000 from federal loans in my own name.

    Unfortunately, we are responsible for paying off the loans ourselves, and as far as I know, can't get them waived.

    You can get them deferred so you don't have to pay anything while you are at the Academy, but USNA doesn't send their enrollment to the National Student Clearinghouse, so this deferment won't happen automatically. This means you will most likely have to go to the Registrar's office at the Academy and have them fill out a form for your loan provider, basically just to prove you are in school, then mail it to whoever your loan provider may be.

    Some loan providers may require you to fill out this form only once, and some will force you to do it every semester.

    Good luck.
     
  3. 2017KNR

    2017KNR Member

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    Thanks for the insight Balloon!
     

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