<prompt> Human: I have about 27k under my name, and 53 under my parents which I plan to pay. Medschool is in my future, Planning to be in Aug 2013. Should I begin a repayment plan on the loans, or would it be smarter to just defer, save up money, and begin paying post med school?  <response>: If you can defer interest free then deferral is not a bad plan. But you dont want 80k growing with compound interest for another 5 years. If you dont want to make full payments, try to at least work it out to where you are at least making payments on the interest. 