Getting Ready to Repay
June 21, 2024 2025-07-31 11:11Getting Ready to Repay
Getting Ready to Repay
Getting Ready to Repay
Learn More About Getting Ready to Repay Your Student Loans.
When you graduate, leave school, or drop below half-time enrollment status, you have an amount of time called a “grace period” before your first student loan payment is due. Now is the time to make sure you are aware of all of your loan types and when the first payments are due.
Life Cycle of a Student Loan
There are three general phases in the life of a federal student loan. Not all loans have a grace period, so it's important to be aware of all of your loan types and when the first payment is due.
In School
While you are still in school and enrolled at least half-time, you don’t have to make any student loan payments, and you can focus on your studies.
In Grace
A grace period is the time in between graduation (or a drop below half-time enrollment) and the time your first payment is due.
In Repayment
If your loans have a standard, six-month grace period, your first payment will be due approximately six months after you graduate or drop to below half-time enrollment.
Getting Ready to Repay
Not Sure Who Your Loan Servicer Is?
Your student loan servicer is the company who provides customer service for your loan(s), answers your questions, helps you with repayment plans and processes your student loan payments.
