When do I need to start paying my federal student loans?
For most federal student loans, you
start making payments six months after you graduate, leave school, or
drop below half-time enrollment in school.
Most federal loans have a "grace period." This is a time after you graduate, leave school, or when you drop below half-time school enrollment when you don't have to . For most loans, interest will continue to grow during your grace period.
Loans, Grad PLUS, and Stafford
Loans have a six-month grace period.
- Parent PLUS
loans have no grace period. Parents must start
repaying the loan as soon as you or the school receives the loan funds. However,
parents may be able to request to delay making payments while their child is in
school or for an additional six months after their child graduates, leaves
school, or drop below half-time enrollment. Parents should contact their loan servicer for more information about how to delay making payments.
- Federal Perkins loans have a nine-month grace period.