You've asked you employer, you've saved all your pennies and applied for scholarships, and you're still short on funds. It's time to go back to the good ole standby...loans. The good news is that, while you are working towards your advance degree, you can place your undergraduate loan (if you have any) into deferment.
Deferment is basically putting your loans on hold so that the monthly payments are not required until such time as you finish your advanced degree. Some lending companies require a fee to put the loan on deferment and others require that the interest be paid quarterly. Check with your lender to see what they require, but all will allow deferment.
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
|Jennifer Mathes, Ph.D.|