Loan Repayment and Deferment

Repayment

Your repayment period begins the date the loan is fully disbursed. The first payment is due within 60 days.

Your federal loan servicer will provide information about repayment and confirm the date repayment begins. Repayments are made to the federal loan servicer. Borrowers generally have from 10 to 25 years to repay the Parent PLUS Loan.

To calculate estimated loan payments, use the Direct Loan Repayment Calculator. More information is available on the Federal Student Aid website under Repayment.

Deferment

Deferment lets parents delay loan repayment until after their student is no longer enrolled at least half-time (6 credits). Parents must request separate deferments for each loan period through their federal loan servicer.

Upon disbursement, borrowers will receive repayment and deferment information from their loan servicer and may need to provide a copy of their student’s academic verification along with the in-school deferment form.