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I am currently a 3rd year undergrad student, and I plan to go to law school after next summer. I expect to have about 50-60k in student loans at that time, spread out over some subsidized, some unsubsidized, and mostly private loans through Sallie Mae. I am worried about being out of school past my grace period by having to leave school for a semester or even a year after I graduate before I get into a school that I like. It's going to be a real problem for me if I have to be making payments to my loans while I'm in law school. I see two possible options- 1- I have heard that you can consolidate loans and have them re-deferred if you get back into school. This sounds very fishy to me, so I want to ask about that here. 2- Take some bullshit post-grad courses just to keep me at 6 hours per semester. Those are the only options for solving this problem that *I* can think of, so what do you think? I want to have a solution to this problem before I have to face it.
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Mar 29, 2007 15:16
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| # ¿ May 7, 2024 07:54 |
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I am going to have roughly 60k in student loans to start paying off after next spring. About half of this is through the government, and the other half is from Sallie Mae. I know I am going to want to go the consolidation route, but I'm told to check rate changes so I can know whether to start the paperwork this year or next year. Is this really an option? I thought I was supposed to consolidate after I was finished with school. Also, I can't even find any information on rate changes, so I have no loving idea what these people are talking about.
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Sep 9, 2007 05:16
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So is there anything I can do to consolidate my federal loans and private loans into a single smaller payment over a longer period of time? I'm not sure I'll be able to handle two (though I suppose I would be forced to find a way). Or for that would I be forced to consolidate both into a much higher % private loan? I really just want to get out from under the thumb of Sallie Mae, as I intentionally picked a different lender but foolishly didn't research what company that lender was using.
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Sep 9, 2007 18:08
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