<p>Does anyone have experience with making interest-only payments on loans while in school? It seems like a good idea in that it keeps the principal down, but I don't know how much time I'll have to work as a freshman.</p>
<p>We pay the interest on my D’s unsubsidized loan quarterly. This is keeping her loan at the amount she borrowed - she’ll take over interest payments when she begins repayment after school. If we didn’t pay the interest now, there would be interest on the interest & the loan would be much larger at repayment time. It’s a good thing to do if you can.</p>
<p>You can figure out about how much it would be. When my son was a freshman, I only paid about 25.00 every month on average for his stafford loan. A few months, I put 50.00 or 100.00 if I had it and by the end of the year, some of his principle was gone too which was nice. I only pay the interest now since as a junior, it is more, but I can’t imagine how much it would be if we didn’t. I suggest to do as much as you can, a little does up.</p>