Postby AbdiWahab252 » Tue Jan 22, 2008 7:00 pm
Guhad,
I assume that your loans are deferred while u are in grad school. Quitting school to pay them off gets rid of your deferment & you also run the risk of not going back.
My advice:
1. Stay in grad school and finish it up while still maintaining your deferment.
2. Explore getting a teaching assistant position which sometimes gives u free tuition and fees.
3. Consolidate your debt upon graduation - You may not want to do it now because I believe you can only consolidate the same loans once.
4. Search for scholarships/grants.
5. Cut costs by for example getting a roommate, getting a job as a Residence Hall Administrator (free board).
I was able to consolidate my loans at about 2.5% upon graduating from grad school