deferring loans during residency???

[Putitinabiscuit]

Is it possible to defer your loans if you go into a post-grad residency or specialization? Or does the interest just starting ticking after graduation... I'm sure it depends on the individual specifics of the loan but I was just curious. Any thoughts?

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[Toof Doc]

You can apply for forbearance... which means you don't have to pay temporarily but interest still accrues. However, if you can prove that you're a full time student (some residencies at schools enroll you as a post grad student) then you can apply for deferment which means you dont have to pay at the time and interest DOES NOT accrue.

I think what I said just applies to subsidized. Not too sure about private or unsubsidized.

 

[Dukie]

You can apply for forbearance... which means you don't have to pay temporarily but interest still accrues. However, if you can prove that you're a full time student (some residencies at schools enroll you as a post grad student) then you can apply for deferment which means you dont have to pay at the time and interest DOES NOT accrue.

I think what I said just applies to subsidized. Not too sure about private or unsubsidized.

I am 99.9% sure this applies to both subsidized and unsubsidized loans, as long as they are federal loans. Private loans may very well be a different story. You would have to contact your bank individually.

 

[ItsGavinC]

For most loans, whether federal or private, you can apply for economic hardship deferment, which puts a halt on the interest. Some of my loans accepted an in-school deferment (even though I'm getting paid a stipend and technically faculty), others would only accept a forbearance.