Stafford Loans

Stafford loan borrowers begin repayment after a 6-month grace period. Students enter their grace period after dropping below at least half-time enrollment status from the school they are attending.

On the subsidized Stafford loans the government pays all interest during the grace period. If the students receive unsubsidized Stafford loans, the students are responsible for paying all interest that accrues during the life of the loan. Borrowers having unsubsidized loans may choose to pay the interest payments or allow the interest charges to accrue towards their loans' principal balance.

PLUS Loans

PLUS loan borrowers begin repayment of their loans within sixty (60) days of the final loan disbursement. There is no grace period for PLUS loans.