Student Loan and Graduate School

CathyMcClarey
Wed, 29 Jan 2014 00:35:56 +0000

Our son graduated from UIUC with a B.A. in History in December 2013. He’s been accepted by 3 different law schools in IL (UIUC, SIU-Carbondale, and NIU), has been offered full-tuition scholarships at 2 of those 3 law schools, and is negotiating with the 3rd in hopes of talking them into a full-tuition scholarship, too. We know that, once he’s actually enrolled in law school, he can get a deferment on his undergrad student loans – but law school doesn’t start until August. When should he apply for a deferment? I assume he might have to make a few payments between now (January) and August - or is there a grace period before the payment requirement kicks in, and would it be long enough to cover him until law school starts?