While enrolled in school at least half-time, Federal Stafford and Grad PLUS Loan borrowers are not required to make loan payments. Upon graduation or dropping below half-time status, these borrowers are eligible to receive a (one time) six-month grace period prior to entering repayment. Parent PLUS Loan borrowers generally begin repayment 60 days after the loan has been fully disbursed; however, parents may be eligible to request an in-school deferment and receive a six-month deferment extension after the student graduates or drops below half-time status.

Once a borrower enters repayment, they are automatically set up on a standard repayment plan. This plan establishes a schedule of equal payments over a 10-year repayment term. During this time, borrowers are required to pay their federal loan(s), including interest, and make at least a $50 minimum monthly payment. (Note: the 10-year repayment term excludes periods of enrollment of at least half-time, grace, deferment and forbearance, if applicable)

Additional repayment options may be available to borrowers. These options include graduated, income-sensitive, income-based and extended repayment. You can learn more about each plan below. To enroll in a different repayment plan, visit our forms page to download the appropriate application.