Is it possible to take out a student loan that I can start paying back only after I get a job? Will interest starts accumulating the day I get the loan.
Usually you have to start
paying your student loan within 6 months after you graduate or drop
below half-time enrollment. The federal student loans usually come with
a 6-month grace period. However, for a PLUS student loan, the repayment
starts just after the full amount is disbursed. But, you can always ask
for a different repayment term for your loan. Discussing always helps,
that's what I believe.
No. If you have taken out the
federal student loan the interest rate will start accumulating after 6
months from finishing your graduation.
The general federal rule says it is not possible to start paying back
the student loan only after getting a job as you have read in the first
line. But you can discuss it on a personal level with the federal
authority about your concern.
Well, most of the student
loans in our country have a grace period of 6 moths. That means, most
likely, you won't have to make payments until 6 months of your
graduation. And no interest will be accumulated during that period.
Most student loans come with a
6 months grace period. This includes Subsidized Federal Stafford Loans,
Direct Subsidized Loans, Unsubsidized Federal Stafford Loans, and Direct
Unsubsidized Loans. Most private student loans also have a 6-month grace
period. When you're looking for a job, try to get recruited in the
following companies as they provide student loan repayment assistance:
Sub: #1 posted on Thu, 03/05/2020 - 23:49
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The general federal rule says it is not possible to start paying back the student loan only after getting a job as you have read in the first line. But you can discuss it on a personal level with the federal authority about your concern.
Good luck!
Sub: #2 posted on Fri, 03/06/2020 - 05:14
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Sub: #3 posted on Tue, 03/10/2020 - 21:13
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