How does the "deferrment" option work? Do I just tell them, "hey, i wanna wait a little while longer before I start giving you my $$$ back," or do i have to qualify for it?
And...I've heard that your monthly payments depend on your income, and that they (Sallie Mae, Fannie Mae, Sallie Jesse Raphael or whatever the hell) are more considerate and willing to work with you *unlike car dealerships, banks, credit card companies.* Is this true?
The loan in my name doesnt have to be paid off til after grad. The Parent Plus Loan my parents took out for me last year had to start being paid off 2 months after it was awarded..This is a 20g loan. Im not sure how much they gotta make on it a month tho.
