How does a grad student payback is undergrad loans?

<p>Does he take a few years off after undergrad to pay them back?</p>

<p>How can all these PhD students carry on their studies with looming loans from undergrad accruing interest over the years and not being paid off? A PhD student has no extra money to pay back loans with.</p>

<p>I must be missing something.</p>

<p>EDIT: Sorry for the thread title, "is" should be "his." It's 3 AM here.</p>

<p>I'm not an expert, but students I have known put their loans on deferment, while you are in school more than half time, you dont have to start paying on your loans. Some grad students get tuition paid and a stipend, (could be on average,20.000 at some colleges) and if they don't need it all for living expenses can make a small dent in their loans.</p>

<p>I'll have all of my undergrad loans paid off by the time I finish graduate school, because they are in deferment and (as they are federally subsidized loans) are not accruing interest. And I have plenty of money because stipends in my field are fairly high.</p>

<p>Ah, I wasn't aware of deferment. Thanks for the responses.</p>