I want to work overseas after graduation… How will this affect my student loan repayment?
I want to apply to the JET program and teach English overseas after I graduate, but I will have a substantial amount of student loan debt, which I would have 6 months to start paying on after graduation. I’m not trying to shirk my responsibilities, I’m just wondering how that would work. I would be working under a yearly contract for a minimum of 1 year and a maximum of 5 years. Would my loans be deferred until I return, or would I just have to find a way to pay for them from overseas?
They have a deferment program, but it is only a year longer than your grace period- so you technically get 1.5 years before repayment when you submit the contract showing proof of the hardship. After that, you will need to start repaying, and you wont have that option again. (Thus if you were to ever be laid off etc again in your life, your only other option would be default).
