Graduate Student Loan Repayment

Repayment is the process of making payments to pay off a loan amount borrowed plus any interest that has accrued on the loan while you were in school, during any periods of authorized deferment, and during your grace period.

Repayment typically begins after a grace period following your graduation or when you ceased to be enrolled at least half-time. Your first payment is typically due within 60 days of the date that the loan enters repayment. If you have more than one loan or different types of loans, repayment dates may be different for each loan.

Repayment Plans

Your federal, institutional, or private loan may offer a variety of repayment plans.

You should periodically review your repayment plans and contact your lender, loan holder, or servicer for help in determining what options may be available. You may prepay your loan with no penalty or use one of the available repayment plans.

Whatever plan you choose, remember that the longer you take to repay your loans, the more you will have to pay in interest charges.

Repayment options for federal and private loans differ. For a list of answers to frequently asked questions about federal loan repayment, please click here.

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