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If you have undergrad / master's degree student loans, but are fortunate enough to get into good PhD programs (with funding), how do you practically manage your debt situation?

1 Answer 1

In the US, if you have federal student loans, you can defer the loan during graduate school, meaning that you don't have to make payments as long as you're in graduate school. However, depending on the details of the loan, interest may still be accumulating, and you may end up making bigger payments when you eventually start paying off your loans.

This kind of deferment doesn't apply to private loans, and you should think carefully about what it will mean in terms of your payments after graduate school, but lots of students take advantage of deferment.