You can make payments no matter what repayment option you chose
No matter what repayment option you chose for your loan, you can make a payment any time, for any type of loan.
Some students choose to defer making student loan payments, meaning they put them off until after graduation. This can be helpful for people who have no other option. But with private student loans, interest continues to accrue during that time. If you choose to defer your loan payments until after graduation, it just means that you’re not required to make payments while in school. But you’re absolutely allowed to make payments, if you’re able.
It could help you build credit
Aside from helping you pay for college and invest in your future, another benefit of student loans is that they can help you build credit. Credit is the ability to borrow money, based on the trust that you can pay it back. Most students don't have much credit history, so a student loan is an opportunity to build up credit while they’re in school.
Making payments on time, every time, is important to your credit health. It proves that you’re a responsible borrower and that you’re able to repay a loan. You’ll need good credit when you apply for a credit card, car loan, or mortgage.
Stay on track
By making student loan payments while you’re in college, you may be able to lower your total loan cost, make your post-school payments more manageable, and build credit.