Disney College Program: Can participants defer student loans?

I'm interested in the Disney College Program but am worried about my student loan payments. Does participating in this program allow for student loan deferment, or will I need to make payments while I'm there?

While participating in the Disney College Program, you technically enjoy the status of a full-time student via the program's courses. As a full-time student, you may potentially qualify for in-school deferment for most federal and private student loans. In-school deferment typically postpones payments on your student loans until after you've graduated or dropped below half-time enrollment.

However, different loan servicers have their own rules, so it's best to directly contact your loan servicer about the potential to defer your loans during this time. While reaching out, request clear clarification on what the process entails, how long the deferment lasts, and what happens after the deferment period ends. It's a good idea to get these details in writing for future reference.

It's also important to note that even though payments might be deferred, interest may still accrue on your loans during this time, particularly for unsubsidized loans. Consider looking into the specific terms and conditions of your loan to understand the implications fully.

Remember, taking on one of these programs is a decision that should involve careful financial planning. It offers unique experiences and potential opportunities but weigh that against the cost. Plan out your finances realistically to ensure that you can manage your loans effectively during and after the program.