What is she going to do next four years for loans? Just wondering, becuase her situation sounds similar to what mine was when I was her age. I just got out of school in December, and I know now, $60,000 later, how much of a pain school loans can be. But I also know that I would have had to stop after my freshman year if my mom hadn't co-signed on a loan for me that year. I also know that I failed to read the fine print, the part where it said my loan would accrue interest while I was in school. So now, here I am 4 years later, my grace period just ended, I just made my first payment, but I've already accrued almost $2,000 in interest on a $10,000 loan. (Plus I have other loans from other years to pay back.) I also failed to notice that the interest rate was much higher than the rest of my loans. My desperation to stay in school combined with my lack of experience in personal finance came back around to bite me in the you-know-where. Just my personal experience.