LSATmakesMeNeurotic wrote:Do any of the current JAGs know how loan repayment works during the waiting period after graduation but before training starts? I think I'll be looking at a five month wait at the minimum. Should I just tell my servicer that I am unemployed and therefore making no money in order to not have a loan obligation? Or is there a way to defer? What is the timeline for doing all of this? right after graduation? right after bar?
Hmm... Well I only took out subsidized and unsubsidized loans, and they allow a 6 month grace period without interest building up. I was unemployed for much longer than that, and when I found out I was accepted but wouldn't be active till June, I called up the loan servicer and told them that. And they told me the best they could do is a forbearance, not a deferment, because I was technically "employed" and not actively searching for employment. It was weird, but anyway, yeah. 6 month grace period after graduation and then forbear (which unfortunately means accrued interest) if you need more time. Good luck this last bit of school, on exams, and the bar! It'll be great!