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You are here: Home / Types of Aid / Loans / Federal Direct Graduate PLUS Loan / How to Repay or Defer Payments

How to Repay or Defer Payments

If you receive a Direct PLUS Loan as a graduate or professional student, you don't have to make any payments while you're enrolled in school at least half-time, and for an additional six months after you graduate, leave school, or drop below half-time enrollment.

During any period when you're not required to make payments, interest will accrue on your loan. You may choose to pay the accrued interest or allow the interest to be capitalized (added to your loan principal balance) when you have to start making payments. Your loan servicer will notify you when your first payment is due.  You can obtain the contact information for your Loan Servicer on the National Student Loan Data System (NSLDS).

You will be able to choose a repayment plan that meets your needs. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. Typical loan repayment terms are 10 to 25 years.

The Student Loans online repay tool will guide you to your best repayment option.

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003329

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