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?
Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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Yes, as long as you're enrolled in a degree program, you can defer loans and get more (probably subject to some lifetime cap).