Can I defer UG student loans? Forum

[Adam Banks]

I'm taking a year off between UG and LS and was wondering if I can difer my loans.
I'm currently studying for my LSAT and not working, so by the time my grace period comes up I won't have much money to pay off my payments. I was wondering if I can call them and explain my situation and just collect the interest until I'm out of law school?

[anonymouse2828]

how large are your UG loans? My UG loans only had about a $55/month payment. Also, you can easily take a p/t job after LSATs, or even during your LSAT studies. 20hrs/wk is nothing. If you can't swing 20hrs/wk of p/t work while studying for the LSAT, how are you going to pull the expected 80/wk law school commitment and subsequent legal job?

As for deferment, you can call now and ask about it, but it seems unlikely since you're not actively seeking a job. Also, defrauding the system by saying you can't find a job is bad for character and fitness, since that's recorded on your loan record.

[bloobook]

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[anonymouse2828]

losing 6-mo deferment would really suck after law school while you're studying for the BAR. Plan ahead.

[IAFG]

You should get a job. What are you going to tell employers when they ask what you did during your year off?

[Adam Banks]

how large are your UG loans? My UG loans only had about a $55/month payment. Also, you can easily take a p/t job after LSATs, or even during your LSAT studies. 20hrs/wk is nothing. If you can't swing 20hrs/wk of p/t work while studying for the LSAT, how are you going to pull the expected 80/wk law school commitment and subsequent legal job?

As for deferment, you can call now and ask about it, but it seems unlikely since you're not actively seeking a job. Also, defrauding the system by saying you can't find a job is bad for character and fitness, since that's recorded on your loan record.

Oh I was thinking they would be big payments. I only have about 20k in loans. So that shouldn't be to bad of a monthly payment.