I am a student (back in school now that my youngest is in high school) and am looking for a student loan so that my expenses won't have to go on a cc.

I cannot get approved for one based on need, since my DH makes over 100k.

Are there student loans that anyone can get, where the repayment is deferred?

TIA for any help

Not all federal aid is need based. Do a FAFSA and you can get unsub loans.

I just got approved for one with Chase bank. Google Chase student loans.

This sounds like a private loan. Do not borrow these unless you absolutely have to. Do the FAFSA and get your unsub first. Then if you need more think carefully about private loans.

Yikes. A 6-figure income and no money for school? I'd seriously re-think the plan. There's no way out of a student loan if your income resulting from the education isn't what you thought it'd be.

What are the disadvantages of a private student loan?

There are several. Higher, variable, uncapped interest rates. Shorter repayment periods. Fewer options for deferment or forebearance after graduation. Interest is often capitalized more frequently. And my personal favorite, private loans are generally not discharged upon permanent disability, or even death.

Obviously, the terms of any private loans will vary depending on the lender, the type of loan, and the borrower's credit history, but I'm of the opinion that it would be wise for any student or parent to exhaust all options for federal loans before considering private ones.