loan repayment

[cali23]

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If one takes a leave of absence for medical school, how does this affect loan repayment?

Does anyone have experience in this area?

I would appreciate any advise.

Thanks.

 

[Andrew_Doan]

I think if you stop going to school full-time, then you have a 6 month grace period. Once this grace period expires, then you must make loan payments or apply for forbearance based on economic hardship. When you restart school, you'll re-enter deferment.

 

[dread]

Yup. Just be aware that you only get one 6 month deferrment. You should also look into research or teaching fellowships that allow you to defer without penalty as well.

 

[cali23]

Thanks for the advise. Does anyone know of any such fellowships? I will definitely ask around.

 

[dread]

Check out the following links:
http://www.training.nih.gov/student/index.asp
http://www.fic.nih.gov/programs/grants.html#fellowships

And of course talk with your office of student research and student affairs for further information.