Subsidized Loans and Taking a Year Off

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
expat
Posts: 53
Joined: Mon Jan 11, 2010 3:56 am

Subsidized Loans and Taking a Year Off

Postby expat » Mon May 31, 2010 9:53 pm

Quick question about federal subsidized loans from UG. I understand that they go into repayment (i.e. interest starts being charged) 6 months after enrollment ends (or 9 for Perkins). If I'm taking one year off to work before going to law school, will these loans regain their interest subsidy once I'm back in school?

I'm trying to determine if it would be better to pay off all the debt now from savings (no interest) or just make minimum payments for a few months before 1L.

Thanks!



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