Are there any special rules for graduates attending medical school?

Yes, there are special rules for graduates attending medical school in South Carolina. According to the South Carolina Commission on Higher Education, graduates are allowed to defer their student loan payments while in medical school. This is limited to a period of 24 months and must be requested in writing. Any loan payments that are deferred are not considered late payments when reporting to credit bureaus. Additionally, graduates attending medical school in South Carolina may also qualify for loan forbearance. A graduate can request a loan forbearance for up to 24 months if their loan payments would otherwise cause them financial hardship. During the forbearance period, the graduate will not be responsible for any payments on their loan. It is important to note that interest will continue to accrue on the loan during the forbearance period and that loan forbearance must be requested in writing. Lastly, graduates attending medical school in South Carolina may also qualify for loan cancellation or forgiveness. This is typically limited to students who are in the medical field and qualifies for a particular program offered by the federal government. These programs may provide for a partial or full cancellation of a loan based on certain criteria. These are just some of the special rules for graduates attending medical school in South Carolina. It is important to understand all of the rules and regulations in order to make sure that you are in compliance with the law. Be sure to research these rules thoroughly to ensure that you are making the most of your loan.

Are there any special rules for graduates attending medical school?

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