When do I have to begin repaying a Stafford Loan?
When do I have to begin repaying a Stafford Loan?
After you graduate, leave school, or drop below half-time, there is a six-month grace period before you have to make a payment on your Stafford Loan(s). During this time, you will receive information about repayment and your first payment due date. You are responsible for repaying your loan(s) on time, even if you don’t receive this information. Payments are usually due monthly.
During the grace period on a subsidized loan, you don't have to make any payments, and you won't be charged interest. During the grace period on an unsubsidized loan, you don't have to make any payments, but you will be charged interest. You can choose to pay the interest during the grace period, or, if you defer all payments until after the grace period, the interest on an unsubsidized loan will be capitalized, or added to your principal loan balance, increasing the total amount you owe.
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