Repayment Begins

When your payments start will depend on the type of loan you have and whether or not you have previously used the grace period that your loan may be entitled to. 

Stafford Loans

Stafford loans have a 6-month grace period before payments begin. This grace period begins as of the date you cease to be enrolled at least half-time, leave, or graduate. The first payment on your Stafford loans will typically be due 30 – 60 days after the last day of your grace period. 
  • Note: Each loan can only have 1 grace period. If you at anytime left school for a period greater than 6 months and then returned, loans taken out before you left will not have a grace period when you leave school the second time, any loans received after you returned to school will have a grace period. You may have multiple payment start dates, contact your lender to align them.

You should receive information from your lender regarding your monthly payment amount and your exact payment due date. If you do not begin receiving this information you should call your lender to check the status of your loan. 
  • Note: Not receiving repayment information from your lender does not excuse delinquency or default. It is your responsibility to keep your lender updated with your current contact information.

During your grace period the Department of Education will continue to pay the interest on your subsidized Stafford loans. YOU will be responsible for the interest on any unsubsidized Stafford loans you may have. 

Try to make payments while you are in your grace period to decrease the amount of interest that will be capitalized (added to your principal balance) when your grace period expires.


PLUS Loans

PLUS loans do not have a grace period. 
  • Parent PLUS loans will enter repayment as soon as they are fully disbursed. Typically, Parent PLUS loans are disbursed in at least 2 disbursements (i.e. fall and spring semesters). Payments on Parent PLUS loans will start within 60 days after the last disbursement.

    Note: Effective for loans disbursed on or after July 1, 2008 parents may request an in-school deferment on their PLUS loans based on the status of the student for which the loan was received.
  • Grad PLUS loans are deferred for as long as you are in school at an accredited school on at least a half-time basis. The first payment on Grad PLUS loans will be due roughly 30 - 60 days after you cease to be enrolled at least half-time, leave, or graduate.

Consolidation Loans

Consolidation loans enter repayment the day they are fully disbursed (i.e. the day the loan creation process is complete). 

If you are considering consolidating your Stafford loans, you may want to wait until about the 4th or 5th month of your grace period to begin the process. This will allow you to take full advantage of your grace period. Learn more…



Perkins Loans are administered directly through your Financial Aid Office. Most borrowers will receive a 9-month grace period on Perkins loans. The grace period begins on the first day of the month closest to the day you drop below half-time, leave, or graduate. Your first payment will be due within 30 – 60 days of the last day of your grace period. 

Perkins loans are subsidized loans up until the last day of your grace period. If you pay the loan in full before the last day of the grace period you will not be required to repay any interest on that loan. 

For more information regarding the repayment of Perkins loans contact your financial aid office directly