Monday, August 15, 2005

Deferment while in Medical School? Yes!

Did you know that you can take advantage of student loan deferment and/or forbearance while you are in medical school and/or in residency?

There are differect criteria for both circumstances:

1) Medical School
Rule (see
http://www.onesimpleloan.com/medical_loans.asp)
As long as you are attending a Title IV eligible institution for 6 credit hours or more, your loans are eligible for an in-school deferment status.

2) Medical Residency
Many Rules (see
http://www.onesimpleloan.com/forms.asp)
This link will bring you to two links for Deferment and Forbearance. Click on the appropriate link to find out what criteria is required for either payment postponement option.