Discuss guidelines for less than half-time students:

• When a student's attendance becomes less than half-time, advise the student that the six-month grace period is beginning. Conduct an exit interview with the student.
• Notify the lenders immediately when students cease to be enrolled at least half-time, using the Lender Notification of Borrower Status Change form. Maintain all documentation in the student's financial-aid file.
• If the student returns to at least half-time study, the student should complete the appropriate paperwork, Lender Notification of Borrower Status Change form and/or deferment form, to avoid unnecessary delinquencies and potential defaults. Keep a copy of the appropriate form in the student's financial-aid file.
• Fax all forms to the appropriate lender, guarantor or servicer and follow up to ensure that the student's paperwork is processed correctly.