When Will Repayment Begin?

Repayment of federal student loans typically begins six months after you graduate, withdraw from college, or drop below half-time enrollment. This grace period allows time for you to plan for repayment by evaluating your financial situation and the various repayment options available.

PLUS loan borrowers are expected to begin repayment within 60 days after full disbursement, unless you qualify for a deferment.

Before the end of your grace period, you’ll get a repayment schedule from your loan servicer that includes details about:

  • your balance
  • interest rate
  • fees
  • repayment options

Contact your loan servicer if you have not received this information before the end of your grace period.

Below is a sample schedule for your grace period and first loan payment, depending on when you graduate:

Graduation DateEnd of Grace PeriodFirst Payment Due
No Later Than
May 15Nov 15Jan 14
Aug 15Feb 15April 14
Dec 15June 15Aug 14


If you are planning a major purchase during the grace period, such as a car, renting an apartment or making other important financial considerations, be sure to include your student loan payment in your plans to ensure your purchase(s) make financial sense.