Can you consolidate your loans while in medical school?

[Crypt Abscess]

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I was wondering if one can consolidate students loans while in medical school. I was told that you couldn't because it would put you back into repayment...then why can't you just defer since you are still in school?

Does anyone know a way around this, as I have been told that people have consolidated while in school. These low interest rates are truly amazing, and I would hate to miss out on consolidating at 4%. Thanks, Crypt

 

[Andrew_Doan]

Originally posted by Crypt Abscess
I was wondering if one can consolidate students loans while in medical school. I was told that you couldn't because it would put you back into repayment...then why can't you just defer since you are still in school?

Does anyone know a way around this, as I have been told that people have consolidated while in school. These low interest rates are truly amazing, and I would hate to miss out on consolidating at 4%. Thanks, Crypt

You can consolidate and then defer.

I'm considered an "Old Borrower" and consolidated recently. The consolidation resets my internship/residency 2-year deferment. After consolidating, the status of my loans were changed to repayment. Then I applied to deferment.

This would apply to you as well if you're a fultime student.

 

[LoanGrl]

Just be sure to read the fine print and make sure that you don't lose your grace period and that it doesn't throw you into repayment early. That would be a bad thing!😉