<p>Quick question...I have a Sallie Mae student loan and I am currently a freshmen. I am in school full time and I am attending an American university abroad. It is illegal for me to work here so I am not earning money. Are these loans deferred until I graduate university? There is no way I can start paying them back when I am using them to survive here...Let me know.</p>
<p>I think you have to make “interest-only” monthly payments or $25/month payments to Sallie Mae throughout college.</p>
<p>Did you read the details of your loan or did you just quickly take it? How much are you borrowing each year?</p>
<p>I took it out fairly quickly. I believe it is $25 per month just for interest. Funny thing is I am paying that back USING my student loan…</p>
<p>How much are you borrowing each year?</p>
<p>$5900. Is it possible to defer the interest payments? I am paying back the loan with the loan.</p>