Loan Payback Under HPSP

[UBDent19]

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If you take out loans, in addition to your monthly stipend, do you begin repaying them when your military service starts? Is it possible to defer them until your obligation is complete?

 

[eric275]

If you take out loans, in addition to your monthly stipend, do you begin repaying them when your military service starts? Is it possible to defer them until your obligation is complete?

It depends on the type of additional loans you chose to take out, but for the most part yes. Our school had an $8500 loan that began payback 6 months after graduation regardless of military service. The rest of my loans which were taken out through the school and were used for living expenses were have a deferment for military situations.