[Rhapsody]

My son has decided to go back to college to finish his degree and sadly Sallie-Mae no longer offers Loans that have defer payments until six months after the student graduates.... therefore, I was wondering if any one here could suggest a good lender to go through that still offers deferred payments for college loans?

Thank you.

http://www.salliemae.com/get_student...student_loans/

[Rhapsody]

Thanks for the links - we have filed for those loans and got them and many others... what I am needing now is a lender that offer "private loans" with payment deferment until after graduation for the remaining school tuition due.

[englishteacher]

Rhapsody,

Is there any other way besides loans?

I ask this because I am currently struggling with so much student loan debt that I could have bought a really nice house with that much money. With the current job market, student loans don't really make sense. I graduated 10 years ago with a M.A. - still no full time employment in my field for lots of reasons, but one of the biggest reasons is the job market.

Defaulting on student loans really bites. The government garnishes your wages - up to 15% of your pay and they take any income tax return that you get. Once you go into default, getting out is a nightmare. Really, student loans are a nightmare.

I'm facing my oldest going to college next year. It's unfortunate, but she's going to have to pay for herself and go slow...we'll help where we can by letting her stay with us, but if she can't get grants to cover tuition, she'll have to get a job and save her money.

Just my experience....

[perpetuallysad]

As far as I know, most all "private loans" require immediate payment. (Like within a month or two of getting the loan.) The only loans that have deferred payment, that I know of, are federally backed loans, subsidized or not. You need to go to FAFSA and fill out that stuff, that's going to be where you can get loans that allow in school deferment.

And trying to not use loans is really a good idea. I ended up living off of loans throughout college because I had a baby my sophomore year. I am now in debt $53K and haven't worked in 3 years. It sucks.