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

Posted: Tue Nov 30, 2010 8:46 pm
by mcm1211
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?

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

Posted: Wed Dec 01, 2010 10:40 pm
by im_blue
Yes, as long as you're enrolled in a degree program, you can defer loans and get more (probably subject to some lifetime cap).