Loans and Deferment

[dsherida]

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I am starting med school this fall and I still have undergrad student loans. I am trying to decide whether to attempt to pay the interest on my student loans while they are in deferment. Does anyone have any pros and cons of this? Is anyone doing it and is it feasible on a student financial aid budget? It's not like I am going to have a lot of money lying around, but I don't want to be ridiculously in debt after four more years of big loans! Thanks!

 

[vtucci]

You can still pay off the interest on loans while on deferrment. They just will not automatically send you monthly statements. Being in deferrment lowers your interest rates so it is in your interest to do this and then pay what you want. That is what I am doing.

 

[dsherida]

You can still pay off the interest on loans while on deferrment. They just will not automatically send you monthly statements. Being in deferrment lowers your interest rates so it is in your interest to do this and then pay what you want. That is what I am doing.

So you are saying to put them in deferment and just pay randomly when you have a little extra money?