Regarding student loans, my understanding is that once you're a full-time student again, payment is again deferred. This might even be true if you're a part tim

Regarding student loans, my understanding is that once you're a full-time student again, payment is again deferred. This might even be true if you're a part time student This is correct, at least for Federal student loans in the US (Stafford, Direct, Perkins). So long as you are attending at a half-time basis or more, your loan payments are deferred. Interest does accrue during these deferrals. However, if your undergrad loans were subsidized when they were originally taken out, the government pays the interest while you're back in school so your total indebtedness won't go up. See the table toward the bottom of this page: http://studentaid.ed.gov/students/publications/student_guide/2009-2010/english/postponeloanpayment.htm http://studentaid.ed.gov/students/publications/student_guide...