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Wiggy Marie posted:When are my loans deferred (no payments due)? Please excuse me if this has been answered, but if I continue directly onto graduate school (medical or masters) after my undergrad my loans will continue to be deferred until I'm less than half-time status, correct? Does that mean that my subsidized loans (Perkins, Stafford) will continue to be subsidized until I'm below half-time status? I'd love to hold on to these subsidized loans for as long as possible. It's a really good deal.
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Jul 27, 2007 03:28
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| # ¿ May 22, 2024 16:04 |
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Wiggy Marie posted:kuuz, you are correct. As long as you are at least half-time or more and at a school that is eligible to take federal loans (it doesn't have to actually participate in the program), your student loans are deferred. Your subsidized loans remain subsidized loans at all times; what changes is whether they are accruing interest or not. Simple rule of thumb: during ANY type of deferment or your grace, subsidized loans have no interest. Otherwise, interest ahoy! Thanks a bunch for answering all these questions, I really appreciate it. It's amazing that the government could potentially be paying the interest on 10k+ in loans for the next five or six years. If my math is correct that could work out to about $3,600 in interest (6% of 10,000=$600 per year X 6 years). I'm gonna hold onto these loans for as long as possible.
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Jul 27, 2007 23:45
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