Undergraduate Loans

Started by burgler09
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burgler09

burgler09

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Just wondering to those who are currently in D-school what you are doing about your undergraduate loans. Do they consider your bachelors your graduation or do they allow you to postpone your payments until graduation of dental school?
 
burgler09 said:
Just wondering to those who are currently in D-school what you are doing about your undergraduate loans. Do they consider your bachelors your graduation or do they allow you to postpone your payments until graduation of dental school?
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i would like to know this as well...
 
burgler09 said:
Just wondering to those who are currently in D-school what you are doing about your undergraduate loans. Do they consider your bachelors your graduation or do they allow you to postpone your payments until graduation of dental school?
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Call your lender. But, yes, you can postpone payments until after dental school.
 
As long as you're in school and taking 6 hours or more, you don't have to start paying federal undergraduate loans. I imagine this holds true for residency positions as well (in which you might be receiving a salary but are still enrolled in an educational program), but don't take my word for it.
 
I have a semester break between undergrad and dental school, so there is an 8 month period when I'm not in school. I talked to Direct Loans several months ago, and they said when I start dental school, have the school fill out an "In-School Deferment" Form and send it back to them. Basically, from January-June, I will be in the 6 month grace period. Then, I'll have to make payments July and August. But once I start dental school at the end of August, I'll go back into deferment and not have to pay until after I'm done. I believe it is only a one-time 6 month grace period, so I'll have to start paying the loans back as soon as I'm out of dental school.
 
Dental school will surely defer your undergrad loans. The unsubsidized loans will continue to rack up interests.
 
mikey4226 said:
I have a semester break between undergrad and dental school, so there is an 8 month period when I'm not in school. I talked to Direct Loans several months ago, and they said when I start dental school, have the school fill out an "In-School Deferment" Form and send it back to them. Basically, from January-June, I will be in the 6 month grace period. Then, I'll have to make payments July and August. But once I start dental school at the end of August, I'll go back into deferment and not have to pay until after I'm done. I believe it is only a one-time 6 month grace period, so I'll have to start paying the loans back as soon as I'm out of dental school.
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this is correct for direct loans. they have a 6 month grace period (broken up or consecutive, i'm not sure), then your loans go back into repayment until either financial hardship, forbearance, deferment, etc. there are associated forms with this. best bet.......just call an 800 # from your loan statement, quickest answer.
 
As long as you are taking at least six credits at an accrediated college or university you will never have to pay them back. I plan to take this option for the rest of my life then when I die the loans go away.😀
 
youngmc27 said:
As long as you are taking at least six credits at an accrediated college or university you will never have to pay them back. I plan to take this option for the rest of my life then when I die the loans go away.😀
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Ha! Perfect!
 
youngmc27 said:
As long as you are taking at least six credits at an accrediated college or university you will never have to pay them back. I plan to take this option for the rest of my life then when I die the loans go away.😀
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🙄. I planned on taking the 6-units until my unsubsidized/private loans were paid off just (hoped to do that part fast) so I didn't have to rack up so much interest.
 
youngmc27 said:
As long as you are taking at least six credits at an accrediated college or university you will never have to pay them back. I plan to take this option for the rest of my life then when I die the loans go away.😀
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The perfect scam. I wonder...if you did the math and calculated what it would cost to take 6 credits at the cheapest community college for life (say online) against what it would cost for the loan payments over the same period if more people would do this. Imagine all the doctors passing THAT piece of information onto their kids. :idea:...:meanie:
 
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