The allure of deferred interest student loans is undeniable: the promise of delaying repayment while pursuing education. However, this seemingly advantageous option presents a complex financial landscape. Understanding the mechanics of deferred interest, including grace periods and the often-overlooked impact of interest capitalization, is crucial for making informed decisions about your educational funding. This exploration delves into the intricacies of deferred interest student loans, comparing them to loans with immediate interest accrual. We will examine the long-term financial implications, offering strategies for minimizing potential debt growth. Furthermore, we’ll provide practical guidance on budgeting, repayment planning, and refinancing, empowering you to Read More …