The answer is of course yes... Most people do that because they dont want to end up paying alot when they graduate.. Its better to pay some amount then none because when you graduate the debt has been reduced.. Another thing to keep in mind, is that the loan is contingent meaning they base what you can afford to pay on how much you make monthly. Therefore if you aint making much they will not ask for a big monthly payment.. These types of loans are the safest.. Student loans are not dischargeable in a banruptcy.
This question goes to anyone with a MyRichUncle Loan.....?
I'm thinking about getting a $1500 private student loan to cover extra college expenses. I was wondering, even if a defer my payments until I graduate, could I start paying before that, meaning while I'm in school?
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