Re:Ask HN: What if I missed the good stuff in my undergradua...
by ben1040 on Monday August 16, 2010 @06:14PM
(#1609480)
Regarding student loans, my understanding is that once you're a full-time student again, payment is again deferred. This might even be true if you're a part time student
This is correct, at least for Federal student loans in the US (Stafford, Direct, Perkins). So long as you are attending at a half-time basis or more, your loan payments are deferred. Interest does accrue during these deferrals. However, if your undergrad loans were subsidized when they were originally taken out, the government pays the interest while you're back in school so your total indebtedness won't go up.
See the table toward the bottom of this page:
http://studentaid.ed.gov/students/publications/student_guide...
This is not your only option, and many other commenters have presented alternatives.
Regarding student loans, my understanding is that once you're a full-time student again, payment is again deferred. This might even be true if you're a part time student - I recall a Master's student saying she didn't have to make loan payments even when she enrolled in a community college course, but check to make sure that's correct.