Can you use Fed. Loans to Pursue Multiple Grad Degrees?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
mcm1211
Posts: 18
Joined: Tue Oct 06, 2009 8:02 pm

Can you use Fed. Loans to Pursue Multiple Grad Degrees?

Postby mcm1211 » Tue Nov 30, 2010 8:46 pm

Question: Do you have to pay off your federal loans for one degree before you can take out new loans to pay for another?

Example: A student takes out $100k in federal loans for law school. After graduation, can that student now take out new federal loans to pursue a PhD? Or does that student have to pay back the law school debt before embarking on the new degree?

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

Re: Can you use Fed. Loans to Pursue Multiple Grad Degrees?

Postby im_blue » Wed Dec 01, 2010 10:40 pm

Yes, as long as you're enrolled in a degree program, you can defer loans and get more (probably subject to some lifetime cap).




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest