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Keeping Loans in Deferment Between College and Law School
Posted: Tue Feb 21, 2017 6:08 pm
by fourwinds
I am graduating with my bachelor's degree in December 2017, but I am not starting law school until August 2018. I know that federal student loans (which I have from my undergrad institution) go into repayment after six months and then the subsidized loans start gaining interest. I was wondering if it's possible to keep my loans in deferment between December 2017 and August 2018, nine months, since I will be going to law school after I graduate college and not taking a true gap year.
I want my subsidized loans to stay subsidized and I don't want to go into repayment until I'm a lawyer.
Re: Keeping Loans in Deferment Between College and Law School
Posted: Tue Feb 21, 2017 6:17 pm
by WamBamThankYouMaam
fourwinds wrote:I am graduating with my bachelor's degree in December 2017, but I am not starting law school until August 2018. I know that federal student loans (which I have from my undergrad institution) go into repayment after six months and then the subsidized loans start gaining interest. I was wondering if it's possible to keep my loans in deferment between December 2017 and August 2018, nine months, since I will be going to law school after I graduate college and not taking a true gap year.
I want my subsidized loans to stay subsidized and I don't want to go into repayment until I'm a lawyer.
https://studentaid.ed.gov/sa/repay-loan ... ligibility
That has details on loan deferment and forbearance. You might be able to qualify for more time in deferment if you are unemployed/can't find a job. If you get forbearance though, the interest still begins to accrue, but you either pay no/low amount towards your loans.