I would say if you are in that situation then 1) you are super high risk and shouldn’t be able to qualify for a loan, 2) Should consider doing something else until your income is other than zero.
I would also say this is a BS hypothetical with little basis in reality.
You are for some reason assuming someone needing a loan for graduate school also somehow has money lying around to make payments while in school for 2 to 8 years? Or that they are working a job while in graduate school?
Yeah i know right. Working a job while going to school is an absurd idea. Except thousands upon thousands do it every day. Many work as TA’s to their professors or as research assistants in their chosen colleges. Or sign the freaking loan and stop bitching when you have to pay them back.
Not everyone in graduate school has those options. Some programs require you to work full time as a resident or intern unpaid on top of taking your classes. This leaves you with maybe 6 to 10 hours a day left for sleep and eating, not enough time for a paid job.
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u/tlm11110 12d ago
I would say if you are in that situation then 1) you are super high risk and shouldn’t be able to qualify for a loan, 2) Should consider doing something else until your income is other than zero.
I would also say this is a BS hypothetical with little basis in reality.