okay i just went to school to be a pharmacy tech and i have to pay back 8,000 dollars in student loans and now i want to go back to school to become a pharmacist and i have heard that i cant go back to school until i pay off my student loans that i have now. And im just wondering is this true or not because i really want to go back to school in it could take at least 3 more years til i pay off the student loans i have now.
2006-10-26 05:08:47 · 7 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
I don't know where you're from, but in the US the answer is no. I am currently in grad school even though I have unpaid loans from undergrad. What you do is request to defer your old loans until you finish your courses. Note that (in the case of government financial aid) your interest will continue to accrue during this period.
2006-10-26 05:12:22 · answer #1 · answered by Kaonashi 3 · 0⤊ 0⤋
No it's not true. They put a hold on the existing loans so that no interest is accrued. Once you're finished, consolidate all of the loans into one. It's a much lower interest rate.
Mine are with Great Lakes Student Loans.
2006-10-26 05:17:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That doesn't sound right. When you go back to school, the company that you have your student loan should defer it, beit that you have to meet certain criteria ie credit hours, gpa, crap like that. I wouldn't see a reason why they wouldn't want to get a hold of you even more.
Maybe go into a bank and ask a loan officer, they may be able to help ya out.
2006-10-26 05:18:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I suggest you contact your schools financial aid adviser, but it is my understanding that as long as you are in an accredited college you don't have to pay on your financial aid loan.
2006-10-26 05:15:35 · answer #4 · answered by ruthie 6 · 0⤊ 0⤋
Trust me, you can reapply for aid as long as you are not in default. Also, do a google search for scholarship/grant/loan/intership opportunities in your field. Check with your alma mater's financial aid counselor.
2006-10-26 06:05:38 · answer #5 · answered by annettetyler77 3 · 0⤊ 0⤋
Apply to your lender for an in school deferment. You can get the forms from your lender or FA office.
2006-10-26 11:35:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
not true...go back to school and get that degree...good luck.
2006-10-26 05:11:02 · answer #7 · answered by Studmuffin 3 · 0⤊ 0⤋