solefolia Posted November 3, 2008 Share Posted November 3, 2008 I've always been pretty clued in about financing my education while in undergrad, but grad school is a whole other ballgame and I haven't been able to find any concrete information. Hoping you guys can help. I have a "decent" amount in both undergraduate federal loans and private loans (rough estimate of about $20k each; federal is mostly sub. stafford, some perkins). In graduate school, I anticipate attending an institution that has a tuition waiver and a stipend that is enough to live on and with extra to pay down my loan amounts. I realize things can change and I might not get in at all, but I would like to be better informed, since I am least prepared for this situation. Here are my questions: 1. Are federal loans acquired during undergrad deferred during graduate school? If so, does my subsidized stafford loan remain subsidized? 2. Are private loans acquired during undergrad deferred during graduate school? Or does it depend on who I got the loan through? 3. How does consolidation work? Is it always separated by federal and private loans (that is, only federal loans can be consolidated together, and private loans consolidated together)? Can you defer a consolidated loan? 4. Is it a good idea to consolidate when starting graduate school? Or am I better off paying down private loans and keeping my interest-subsidized loans deferred? 5. What course of action did you choose for your loans while in graduate school? What do you recommend in my situation? Any help or advice you guys can give me is greatly appreciated! Link to comment Share on other sites More sharing options...
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