I plan to attend a 4-year program and finance all of my tuition, housing, books etc through federal student loans without paying it until 6 years from now (I plan to pursue an MA in History) Does anyone know if this is possible? Is it possible to default a student loan for that long?
Financial Aid - 2 Answers
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1
i dont know about 6, but i know they do it after 4. borrow from your parents, if they really love you, they would give you the money. why do you want to graduate school and then have some burden on your shoulder. college is for losers....although im a 3rd year ahaha!
2
If you are just starting out in college, then yes, you can wait 6 years. That is the usual amount of time to complete a bachelor's degree and then pursue a masters. And it's not defaulting, it's deferring... and if for some reason you have to take a break you have 6 months before you have to start paying them back. So, don't sweat, you can get through school with all the money you need and you don't have to worry about paying anything back until after you have graduated and hopefully entered the job field.
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