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Repaying your MS debt

Discussion in 'Pre-Medical - MD' started by dannylee718, Mar 2, 2007.

  1. dannylee718

    dannylee718 The Village Idiot
    7+ Year Member

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    So...

    1. When does Stafford Interest begin to accrue? After Med school or Residency?
    2. What is your current plan on the repayment schedule (i.e. 10yr, 15yr, 30yr)?

    :confused:
     
  2. p9142

    p9142 UR out of your element!
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    For all unsubsidized Stafford and GradPlus Loans, which make up the vast majority of your Med School loans, the interest accrues immediately when you get the money. For subsidized Loans ($8500/year) The interest does not accrue until you go into repayment. You can usually get a three year deferrment after you graduate, so your subsidized loans won't start accrueing interest until your fourth year of residency.

    If I go OOS, I plan on living like a resident for three or four additional years and paying them off in that time. If I go to my state school I can pay them off in two years fairly easily.
     
  3. Polypeptide

    5+ Year Member

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    Check out the Finance board. Lots of good info and personal experiences there.
     

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