Private Loans & Gap Year

[R2SS]

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I am planning on applying during my senior, rather than junior year. This would mean I'd have a year off in between undergrad & med school. However, I have taken private loans out....is there a way I can defer payment on these loans during the year I have off?

Any advice or information regarding what happens to individuals in this situation would be very much appreciated!

Thanks!

 

[Slack3r]

I am planning on applying during my senior, rather than junior year. This would mean I'd have a year off in between undergrad & med school. However, I have taken private loans out....is there a way I can defer payment on these loans during the year I have off?

Any advice or information regarding what happens to individuals in this situation would be very much appreciated!

Thanks!

I'm taking 2 online CC courses to make me a half-time student. I then petitioned my lender for in-school deferment and it was granted. Voila, no loan repayment.

 

[slatermd]

i'm taking 2 online cc courses to make me a half-time student. I then petitioned my lender for in-school deferment and it was granted. Voila, no loan repayment.

+1 Most lenders will defer if you're enrolled in 6 credits or more.

 

[kansaskid]

You could take up an Americorps position where you can get loans deferred. A lot of these spots are part time and also would look great on an app.

 

[gatorade848]

in my graduate financial aid info session i asked the same question and the lender representative told me I need to contact the individual lenders and tell them I am applying for med school, they should give you a deferment.