I have 25,500 total in federal student loans the percentage of interest varies, from 1.2% to 4.2%. I am currently in a government internship that allows me to use forbearance for the entire duration of the 11-month internship after I complete the internship I get a little over pre-tax 6,300 in awards to use for student loan repayment and they offer a program that will pay off the interest that accrues during that time. So I took them up on their offer and put my loans in forbearance. I recently got a conditional offer from a government agency, not an official offer, which means I only get hired if I pass the background check. Not sure what my starting salary will be. Right now they are performing these background checks. It requires me to take a polygraph. I'm not sure how long it will take, honestly, I hope it takes a few months. I can only get the award and repayment of the accrued interest if I complete the program on November 8. If I get the job, I'm unsure If I can tell them I want to start after November 8. Did I make a bad decision of putting them in forbearance? If I don't finish the internship no reward and interest repayment. I never had an issue making monthly payments. Should I take them out of forbearance and make payments again? My student loans have been in forbearance for two months. Hope this makes sense to someone.
original posted by miss_brilliant to r/personalfinance on Mon, 25 Mar 2024 15:44:10 GMT.