When Will I be Expected to Begin Repayment of my Federal Loans?
FFELP Stafford Loans and Federal Direct (Stafford) Loans borrowed during Law School have a six-month grace period, usually calculated from graduation. At the end of the six-month grace period, these loans will go into repayment status, and you will be expected to begin repayment the following month.
Grad PLUS Loans disbursed prior to July 1, 2008, have no grace period but your lender may offer a forbearance on repayment of your Grad PLUS Loans to enable you to align beginning repayment with your Stafford Loans. Interest will continue to accrue on these loans during the forbearance.
Grad PLUS Loans disbursed after July 1, 2008, have an automatic six-month post enrollment deferment so repayment of those loans begins when you begin repayment of your Stafford/Direct Loans. However, interest will accrue during the post-enrollment period and this interest will be capitalized at the end of this period.
If you borrowed through the Federal loan program as an undergraduate, you may have used up the grace period on those loans, and you may be expected to begin repayment of those loans immediately after graduation. If you are not in a position to begin repayment of those loans immediately, contact your loan servicer to request a deferment.