is it a good idea to defer payment on my student loans?

Question

i graduated college in may and my grace period is nearly up. i've been trying to get a job but it just hasn't happened. i do not have the money to pay them off. if i have them deferred, will i end up paying a lot more interest?

Answer 1

If you can't pay because you stil haven't found a job, it's best to deffer. Deffering is better than not paying at all, which will get you into a world of trouble when you eventually make money and want to buy other big items like a house or car.

Answer 2

Interest does not accrue if you are in school. But it does if you defer as economic hardship.