Question:
Many of you know that if you stay
in school after graduation, your
student loans stay in deferment.
I've looked at the FAQ for this
ng, but I have not seen anything
relating to this area. My question
is, Are there any DL programs that
will allow me to keep my loans in
deferment just as if I were at a
traditional school?
I am planning
on starting a Master's in Poly Sci,
but I'd really like to study law.
There is a law school here, but
they require full-time status. While
my income is good, I have a lot
of debt, and I just can't afford
both payments and tuition right
now. I'm not doing anything dishonest
or illegal, nor am I asking a school
to do so. I want to stay in school,
and I want to keep working full-time.
I can't afford loan payments and
tution, so I must be in a program
that qualifies to keep my loans
in deferment. I can get another
Master's or Bachelor's locally (three
state schools, and two private schools)
but I'd rather get a law degree.
There is a
private law school here two, but
they are expensive and require full-time
attendance. I'd like to try something
like Saratoga's law program. If
it (or another DL law program) will
keep the loans in deferment, that
would be a better way for me to
go.
Answer:
I would suggest to you that legitimate
distance education schools follow
the same policies and procedures
for financial aid that traditional
schools do, and the fact they they
are "distance" does not
put and space between them and the
law/regulations. If you were to
register for a program with the
intention of doing so only to defer
loans, I would suggest that this
would not be a good thing to tell
the university/lending institution.max
I recently
applied and received a P.L.A.T.O.
graduate education loan from EduCap.
You have the option for total deferment
or partial deferment (pay interest
only) while in school. This is a
private loan, not a government loan.
The loan was for Thomas Edison's
MSM program which they had listed
as a qualifying school. Get more
info. at http://www.educap.org/home.htm.
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