Student Loan Repayment Commencement Period
The Loan Servicer and Lender will provide each student recipient/borrower with a loan repayment schedule that states the first payment due date, the number and frequency of payments, and the amount of each payment. There are some loans which have a “grace period” to give the student time to begin payments on the loan. Direct Loans
have a (6) six-month grace period before payments are due. The Plus Loans
have no grace period. It is recommended for a thorough review and understanding of the student repayment loan period that each student visit the website at: www.studentaid.ed.gov
, which provides a comprehensive overview.