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I am currently in my third year of residency, and will start fellowship next year. I completed medical school in 2008, and had to take out loans throughout this time. Between medical school and residency, I consolidated with Direct Loans. I understand that during your third year of residency, you can only put your loans over into forbearance, correct? After this time, as a fellow, I will be able to defer my loans through the graduate fellowship application. I just want to make sure I have done the correct option during this third year. Thank you.