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

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Post Reply
mcm1211

New
Posts: 18
Joined: Tue Oct 06, 2009 8:02 pm

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

Post by 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?
Top
User avatar
im_blue

Gold
Posts: 3272
Joined: Sun Apr 12, 2009 3:53 am

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

Post by 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).
Top
Post Reply

Return to “Financial Aid”