🚀 go-pugleaf

I'm a graduate student nearing the end of my dissertation, so the 
student loan deferment issue is one I have checked into a bit.

I believe there's been some suggestion of the "fellowship deferment." 
 In talking to my lenders (before the Gov. took over all student loan 
lending at my institution) the fellowship deferment is acceptable as 
long as you submit a short (1 page) synosis of the work and get a 
supervisor's signature.

One other suggestion I would like to make, though, is to contact 
Sallie Mae (SLMA).  They will buy all your student loans (as long as 
you're in the grace or payback period) and give you the dollar-average 
interest rate on your original loans (usually about 8%).  Depending on 
the amount you owe, you may take upto 30 years to pay it off.  They 
also offer a payback option that only covers interest for the first 4 
years of payback (a chance to get on your feet, so to speak).  They 
also offer an income-sensitive option (if you qualify) where your 
monthly payment is a percentage of monthly income for the terms of the 
loan.  

I hope some of this of use.  Cheers, Brad.

In article <4jmjud$c2q@news.ccit.arizona.edu>, 
rella@bonaire.ccit.arizona.edu says...
>
>While everyone is hashing over this repayment issue, I'd like to
>find out if anyone has been successful in getting school loans
>deferred during a postdoc.  I currently have a training grant
>fellowship (NSF).  The administrators in charge of our
>grant do not know of any category I might fit in to keep my
>loans deferred.  Since I'm on first year NIH scale, and
>borrowed all the way through college, it's either pay loans
>or pay the rent.  My grace period is up in August, so I have
>a few months to try to devise something.  The biggest problem
>I see is that to fit into the acceptable deferment groups,
>either some medical training must be involved (none in my case),
>or an official certification must be given at the end of the
>fellowship (not in my case either).
>
>Any advice?
>

-- 
_______________________________________
N. Bradley Keele
Neuroscience Graduate Program
UTMB - Pharmacology J-31
Galveston, TX  77445-1031
Voice:  (409) 772-9604
FAX:    (409) 772-9642
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    "Once in awhile you get shown the light
      In the strangest of places
      If you look at it right."
                      --JG (1942-1995)                             
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