A separation date is the day that the borrower becomes eligible for consolidation. Separation is defined as a borrower: 1) not taking any more classes; or 2) taking less than 6 credit hours for their undergraduate degree; or 3) being classified as “part time” by their school for graduate or post graduate work. (Please note that a graduation date is the date of a graduation or when one has received a diploma. Unless officially separated from school, a borrower will not be eligible for consolidation even though he or she has graduated.)
The actual or anticipated date when the borrowers graduate, leave school, or drop to a less than half-time status. The separation date is used to determine the loan's grace period and the date the first loan payment will be due.
The day a student is no longer enrolled at least half time at an eligible school.
The point when a borrower graduates, leaves school, or drops to less than half-time attendance. This change in status usually triggers the beginning of their grace period.
The date noted by your university to indicate when you graduate, drop below half-time status or withdraw from university. The grace period on your loan begins on this date.
The date the student ceases to be enrolled on at least half-time basis at an eligible school.
The date a borrower graduates or stops attending school at least half time, which triggers the start of the grace period.
Perkins and Institutional Loans: the last date of at least half-time enrollment. Health Profession and Nursing Loans: the first day of the month nearest the date you cease to be a full-time student pursuing and eligible course of study.