Question Undergrad Loans and Grad School

Mom24boys
Sat, 06 Apr 2019 12:59:40 +0000

My son is graduating in May. The only loans he has are the federal loans, so around 25K.

He will be starting a fully funded PhD program in the fall with a small stipend. Our plan had been to pay off the student loans for him, but due to health issues this is no longer possible. He knew this from the beginning.

I know he can defer payment while still in school.

My question is, currently we could comfortable afford to make monthly payments for him. I was thinking that could be part of his graduation present. But due to health issues, not sure we can do all 4 or 5 years he is in PhD program. (I know it could be longer)

So if we start payment’s, will he be able to pause them later if he is still in grad school? Thanks for your wisdom.