Interest accrual on student loans

[brandons87]

For unsubsidized federal loans, does interest accrue during school and deferment periods, or is the loan "frozen" such that interest is effectively zero percent during that period?

What about private loans? Does interest accrue and get capitalized automatically during the school period and grace/deferment periods? Or only during the actual repayment phase?

 

[Bookman]

For unsubsidized and private loans, interest will accrue and be capitalized when you're in school. I'm not sure about deferment periods, but I can't see why it would not accrue/be capitalized as well.

 

[CottonEyedHorn]

speaking of student loans, my wife just consolidated hers and is paying 6.75%, which is pretty high considering the prime rate nowadays. Any chance they would lower it with a phone call? Any other options for her?

 

[mishatx]

Interest is capitalized during deferment as well. During forbearance, too.

 

[mishatx]

In reply to:

---

---

 

[Stuck_At_Work]

In reply to:

---

---