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There is a 3 year interest subsidy for people that are under the REPAYE student loan repayment program.

I have about 150k left on my student loan balance and I have an 80k income.

My employer just approved payment for my MBA. I will be taking 6 credits per semester, therefore my student loans will go into deferment. I am currently on the REPAYE program. Will the interest still be subsidized during this period even though I am not required to make payments?

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rated:
I would just use up the 3 years of subsidy and then consolidate your loans after you get your MBA. It will reset the 3 year clock.

rated:
I wasn't aware that consolidation would restart the clock. Thanks!

rated:
avalon6 said:   I would just use up the 3 years of subsidy and then consolidate your loans after you get your MBA. It will reset the 3 year clock.

Is there a good cite for this? Is it BC the loans technically become a new loan? I would think if the 3 yr clock restarts so would deferment time etc.

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