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Defer Student Loans?

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Intern
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Joined: 13 Nov 2013
Posts: 19
Schools: Lamar University - Class of 2011
GMAT 1: 620 Q32 V42
GPA: 3.64
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Defer Student Loans? [#permalink] New post 17 Feb 2014, 11:43
I wanted to see if anyone knows if you can defer student loans while in a PhD program. My loans are currently in repayment and there is no way I can afford to pay them on my stipend.

As well, is anyone planning to use student loans during your PhD program? I currently have $73,000 in student loans for a bachelors degree and two masters degrees. I am thinking of getting loans no more than what would make my total $100,000 (so no more than about $27,000 or so in student loans). My stipend offer is for a GA which I was told includes both teaching and research and I am not allowed to work while I am in the program. I'm told I'm looking at a salary of $70,000-$100,000 a year when I complete my program (a former professor thinks it should be more like $100,000 or more).

Any assistance is appreciated. I am excited to begin my program. :)
Intern
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Joined: 19 Feb 2014
Posts: 9
Concentration: Finance
GRE 1: 1580 Q800 V780
WE: Securities Sales and Trading (Investment Banking)
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Re: Defer Student Loans? [#permalink] New post 19 Feb 2014, 22:03
You generally can defer government and government-subsidized loans while in graduate school; and, many lenders will grant forbearance (need not make payments but interest accrues.

Are you sure you will need to take out any loans? For all the programs I know of, tuition waivers and stipends are given for the first 4 or 5 years and they cover enough to live on. I've not seen people need to pay their own way unless they went beyond 5 years. However, if you have a heavy teaching load... then you might need loans since teaching tends to push completion times past 5 years.
Intern
Intern
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Joined: 13 Nov 2013
Posts: 19
Schools: Lamar University - Class of 2011
GMAT 1: 620 Q32 V42
GPA: 3.64
Followers: 0

Kudos [?]: 0 [0], given: 1

Re: Defer Student Loans? [#permalink] New post 21 Feb 2014, 18:10
My stipend will be about $1,200 a month. They're trying to get me a fellowship but it isn't guaranteed.
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Joined: 05 Mar 2014
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Re: Defer Student Loans? [#permalink] New post 06 Mar 2014, 00:04
i'm looking for any simple part time job that fit a student...idk loans are eligible for me...
Re: Defer Student Loans?   [#permalink] 06 Mar 2014, 00:04
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