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Do most student loans have to start being paid when you are still in college?

College is expensive and I am wondering if I should take out student loans or not. If I have to start paying it off right away and not after college, then I do not want to get them because I do not have a lot of money as of now. #college

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Donnell’s Answer

Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. You will not have to start repaying your federal student loans until you graduate, leave school, or change your enrollment status to less than half-time. If you have trouble repaying your loan, you may be able to temporarily postpone or lower your payments. You may be eligible to have some portion of your loans forgiven if you work in public service.
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Kelsey’s Answer

In most cases, you don't need to start making payment son your student loans until you are out of college. However, there are a lot of different types of student loans, so I would recommend reading the terms very carefully before signing anything. Your college should have a financial aid counselor you can talk to for advice.


You want to work with your college for financial aid because they can help you apply for government loans - these usually have a lower interest rate compared to private loans from a bank. A word of advice, those loan payments can add up quickly, so I would recommend only taking out what you need.
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