School loan deferred??? WHAT?

[herekitty]

I don't understand this ... I got a letter from one of the colleges I went to and it says this:

Deferment status of student loans for XXX-XX-XXX
Type: 7P/Pen Bankruptcy 7D
From 08/2005 to 08/2006

The eligibility of each loan per your requested deferment is as follows:

Loan Type: Perkins Status: Processed.

I don't understand, I don't have to pay even though my deferment was up as of 11/05? I had planned on paying it back right away ...

[StaciMM]

BK automatic stay impacts student loans. While they won't be discharged thru the BK, during the process they can't ask for payments.

That is my understanding at least, and I did call my student loan company and confirm that I don't have to make payments right now.

[Minera]

I did the same, Sallie Mae confirmed that no payments were required during BK, and they also offered me a one year forebearance to get my finances in order.

[StaciMM]

Just wanted to add-

Of course if you're able you can still send payments.

[HHM]

This event is common, once you file BK and if you have studnet loans, the student loans automatically go into a deferment.

[herekitty]

But I have deferment for a whole year or just until my case gets dismissed?