Eventually Paying Loans!?

[Grumpy15]

Hi! So I have been looking into doing the Fall program 2012 and my biggest concern is I am graduating this summer and when the Fall program ends I will be beginning to pay back my loans and my biggest concern is just not making enough throughout the program. I know that you work a lot and your housing is taking out but has anybody had any problems with loan payments starting. I am not asking how much people make but I guess is your paycheck enough to be saving while working at the end of the week or whatever the pay period is?
Thanks to anyone who can help!! I really want to do the program I am just really concerned about my payments!! I want to live in Florida after the program but I need to be able to pay for things.

 

[tikistitch]

I graduate in August, and you have a six month grace period before you start paying back your loans, but my financial aid department told me that if you're working for minimum wage and don't have a lot of extra money or if you're working an internship that barely pays anything, you can file for a deferment and start paying back your loans later. Interest will still happen while your accounts are just sitting there, but you can put off paying for months at a time. We don't get to choose how long the payments are put off, and not everyone that asks for one gets a deferment, but it is definitely an option!

 

[Grumpy15]

Thanks!! Yea that would be awesome if I could do that, I have to talk to my parents and see what they can find out as well considering it's in their name but I am paying for but that would be a great option.

 

[mrsxsparrow]

I'm graduating as well and will have loans. However, I'm not sure what type of loans you have, but mine just state that you have to be enrolled part time (six semester units). Otherwise you have to start paying them back (after the 6 month grace period).

I'm planning to take two online classes through my local community college. One is a logic class (since I'm planning on possibly taking the LSAT soon) and one is like a nothing health class. It'll cost about $150 total, but to me it's worth it to put off paying my loans for a bit.

 

[tikistitch]

Oh, taking a couple of community college classes is a good idea! I didn't think of taking simple online ones to help put off loans. I might have to do that, actually.