Hello -
If I am on a waitlist for nursing school, it will be probably a year or so before i can get in- do I need to start paying student loans back right away when I am still waitlisted, or do I get to wait until after I am finished with clinicals?
thanks!
Best answer:
Answer by Lin B
if you have previous student loans, you only get a 6 month grace period, after you have graduated. this is assuming you have a loan from the federal gov. so after 6 months you must begin to pay it back. you only get a deferral on that loan if you are in fact registered and currently going to school. so being on the waitlist, you will still have to pay old loans.
now if you mean you took out loans to go to nursing school and the check was sent directly to the school, then no you will not have to pay it back, because you are not registered in the school yet, so therefore they have not used any of it yet. but if you received the check yourself instead of it going to the school, then yes you will definitely have to adhere to the loan policy and pay it back whenever they decided it would be due.