I just had one kid finish college and another start this week.
Your loan and interest and payments start on day one. Most people choose to defer payments until they finish school because they don’t plan on having money until they finish school. That does not defer the interest.
When you finish school, you can ask the loan company to extend the deferment for another 6 months. Essentially, that’s to give you some time to find a job.
You CAN make a payment on your loan. It probably won’t cover any principal, but you can do it.
I just had one kid finish college and another start this week.
Your loan and interest and payments start on day one. Most people choose to defer payments until they finish school because they don’t plan on having money until they finish school. That does not defer the interest.
When you finish school, you can ask the loan company to extend the deferment for another 6 months. Essentially, that’s to give you some time to find a job.
You CAN make a payment on your loan. It probably won’t cover any principal, but you can do it.