To defer loan repayment or not?

[raecudzy1, BSN]

Hi all,

I am going to venture on to my MSN! I am currently paying off my undergrad student loans and have about 8 years left as I'm on a 10 year plan.

I was talking to my loan servicer who said that once I enroll back in school my loans will be deferred again and I cannot "pick and choose" what loans are in deferment or not. I WANTED my undergrad loans to still have auto pay on them, and graduate loans deferred but that won't work.

So my question to you all is do I defer my loans again but keep putting the same monthly payment towards it as if they weren't in deferment or TRY and pay of my graduate loans along with undergrad at the same time and NOT defer them?

Anyone doing this?

[AnnieOaklyRN, BSN, RN, EMT-P]

Hi,

If you have certain loans the government will pay the interest while they are deferred and in my case this actually helped pay them down faster in the end. I would ask your loan servicer, if they do not qualify for that I would pay them, as long as you can financially do it while you are in grad school! You will have more loans to pay obviously once you finish your grad degree and it would probably be a smart financial decision to pay your current ones off before that.

Annie

[raecudzy1, BSN]

Hi,

If you have certain loans the government will pay the interest while they are deferred and in my case this actually helped pay them down faster in the end. I would ask your loan servicer, if they do not qualify for that I would pay them, as long as you can financially do it while you are in grad school! You will have more loans to pay obviously once you finish your grad degree and it would probably be a smart financial decision to pay your current ones off before that.

Annie

If anything I will still pay what I am paying now monthly even if they are all deferred, but i am trying to see how much an estimated monthly payment would be tacking on the graduate loans if I don't defer them.