Paying UG Loans Even Though Applying?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Jiffy
Posts: 3
Joined: Tue Oct 12, 2010 9:26 am

Paying UG Loans Even Though Applying?

Postby Jiffy » Thu Oct 28, 2010 2:37 pm

I was wondering, and this may be something that is at the discretion of individual lenders, but as a general rule do you have to start paying off your undergrad loans if you haven't started law school yet or is being in the application process enough to defer? I finished undergrad this past May and am in the process of applying to schools for next fall.

Normally, I'd have to start making payments next month. I was just wondering if deferring was an option in this case where your intent to continue on in school has been established?

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im_blue
Posts: 3276
Joined: Sun Apr 12, 2009 3:53 am

Re: Paying UG Loans Even Though Applying?

Postby im_blue » Thu Oct 28, 2010 3:48 pm

You have to start making payments after the grace period (applying does nothing for you), but once you start law school you can defer the payments again.




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