Question Undergrad Loans and Grad School

kelsmom
Sun, 07 Apr 2019 18:04:47 +0000

You can voluntarily make payments while the loans are in deferment. In fact, you can choose which loans you want to pay during that time, and you just pay when & if you want.

Pay the unsub loans with the highest interest rate first. Pay off any accrued interest before the grace period ends … that avoids capitalization of interest, which means that the interest rolls into the loans & you end up paying interest on the interest. If a student enrolls at least half time before the grace period ends on undergrad loans, he will have a grace period for them after he leaves the grad program (or drops below half time).