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Subsidized and Unsubsidized loans borrowed under either the Direct or FFEL programs have a six month grace period.  The grace period begins when you leave school or your enrollment falls below half-time (6 credits).  These loans enter repayment when the grace period ends.

Perkins loans have a nine month grace period.  The grace period begins when you leave school or your enrollment falls below half-time (6 credits).  These loans enter repayment when the grace period ends.

PLUS Loans (Direct and FFEL) do not have a grace period. 

  • Graduate and professional students with PLUS loans that were first disbursed after 7/1/08 receive an automatic deferment while in school and a 6-month deferment after they graduate, leave school, or drop below half-time (6 credits). 
  • Parent borrowers of PLUS loans must request deferment while the student for whom they borrow is in-school and during the 6-month period after the student leaves.

When the time comes, you will make your payment to your loan servicer(s).  You will be notified by your servicer(s) about when your payment is due, the amount due, and where to send payment.  You are encouraged to create an online account with your servicer(s) as it will make management or your repayment easier.  You can also sign up for automatic payments, which will help with making your payments on time and even give you a .25% interest rate reduction.

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