Does the borrower have to make payments on the Private Education Loan while enrolled in school?
While some lenders offer in-school deferments or interest only payments while the student is enrolled in school, this is becoming less common due to the current economic markets. On most private loans, the student will be expected to make interest only or principle and interest payments while enrolled in school. It is important to remember that even if the bank allows the loan to be deferred, interest will be charged on the loan during the deferred period.
