Unsubsidized Student Loan Deferment?
I've just started graduate school and I have the option of deferring my undergraduate student loans. I'm not sure I can afford the monthly payments, but I'd still like to periodically put some money down on the loan.
So my question is, can I make payments on the principal of the loan, and not just the interest, while it is in deferment?
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Yes, you may as long as if you are paying a little over the interest owed at the time of payment. I have Sallie Mae, the only thing is that it may not show as a principal payment because it's supposed to pay your interest first. But if you pay more than the interest every month or every time you pay, you pretty much are paying a part of the principal rather than just the interest.
regularly if you're no longer paying your student loan you won't be able to deduct the interest. in spite of the undeniable fact that, you are able to deduct education, books, resources you paid for in the course of the school 3 hundred and sixty 5 days alongside with getting an finished life attending to draw close credit