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It depends on the type of loan:
-Stafford: 6 months after you graduate, withdraw, or drop below half-time. This loan type is eligible for subsequent deferment if you later return to school at least half-time, but there is only 1 six-month grace period.
-Perkins: Same as above, but grace period is 9 months.
-PLUS loan (for graduate students): This loan is eligible for deferment as long as you are in school at-least-half-time. This loan type goes into repayment immediately after you stop attending- THERE IS NO 6 OR 9 MONTH GRACE PERIOD.
-Federal Consolidation Loan: This loan is eligible for deferment as long as you are in school at-least-half-time. This loan type goes into repayment immediately after you stop attending- THERE IS NO 6 OR 9 MONTH GRACE PERIOD.
-PLUS loan (for parents): This loan goes into repayment as soon as it is fully disbursed. The student's enrollment does not matter. This loan type is eligible for a school deferment for as long as the PARENT is in school at-least-half-time.
-Private/Alternative loans: The terms vary. Read the loan agreement or ask the lender.
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∙ 15y ago
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∙ 11y agoThere is a large number of people out there saying "I need a personal loan quick but I have bad credit", and they have no idea where to go to get a loan. They know one thing for sure - they're
not going to get none from their local banks, because banks are hesitant about lending money to people with bad credit. If you are one of them, you'r win the right place to get a quick personal loan in the next hour or so.
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Wiki User
∙ 12y agoDepending on the type of loan you have acquired, you may have 6 months to a year to repay, or you may have to start repayment immediately after graduation. There are options available for hardships, reduced income, and so on. The best way to find a definite answer to this is to contact your loan company and find out what options they offer.
Wiki User
∙ 14y agoIt depends on the loan. Some have waiting periods so that you do not have to start paying it off until a set amount of time after your graduation.
Wiki User
∙ 12y agoTypically a couple weeks before your academic year begins! Depends!
Wiki User
∙ 12y ago6 months after graduation, but you can put payments on hold for certain reasons
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∙ 12y agowell I would either think when you're done with school, or the bills start coming in. Hope that helped!:)
Wiki User
∙ 14y ago6 months after you leave school
Wiki User
∙ 14y agoStarts 6 months after graduation.
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What is a graduate plus student loan?
The Graduate Stafford student loan is the best available option for students to finance their education and future. Mainly these loans are of two type 1) Subsidized Graduate Stafford Loan 2) Unsubsidized Graduate Stafford Loan 1)- Subsidized Graduate Stafford Loan These loans are dependable on the financial needs of the applicant. The government is responsible to pay off the interest and you are not required to pay off it during the periods of deferment or until your repayment period starts. 2) Unsubsidized Graduate Stafford Loan These loans are dependable on the financial needs of the applicant. The students are charged with the interest through out the period of the loan. The interest is charged from the time of the enrollment of the student to the periods of deferment until the student repays the loan
What is a Federal Unsubsidized Stafford Loan?
It is a Federally Guaranteed student loan that accrues interest from the day you receive it until the day you pay it off, even during deferment periods. A Federal Stafford Subsidized loan does not accrue interest during deferment periods, including while in school.
Unsubsidized Loans Accrue Interest?
The Federal Stafford Loan program offers both subsidized and unsubsidized loans for college students. The former does not accrue interest, meaning the student will only have to pay back the principal amount. These are need-based loans available to students from lower income families. Unsubsidized Stafford Loans are not based on financial need. These loans do accure interest over time, and the maximum anount that can be borrowed is $2,000 per year for dependent undergraduate students and $6,000 per year for independent underclassman students.
What is a unsubsidized federal loan?
It is a Federally Guaranteed student loan that accrues interest from the day you receive it until the day you pay it off, even during deferment periods. A Federal Stafford Subsidized loan does not accrue interest during deferment periods, including while in school.
When are you required to pay back a FAFSA loan?
Yes, you are required to pay back federal loans that your accept after filling out the FAFSA. This includes subsidized loans, unsubsidized loans, and PLUS loans.
Can you use your Stafford student loan to pay off debt?
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
Do you need to pay federal Stafford loan?
yes
Best student loans?
The best student loans to get are government student loans.Of the government loans, the best one is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it.The next best loan is a Federal Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan.Finally, the Federal Unsubsidized Stafford Loan is available to all students, regardless of financial need.
How long do you have to pay off an unsubsidized loan?
It depends on how much altogether you have borrowed by the time you finish school, and the re-payment plan you choose when you go into repayment. Loan repayment terms can be from 10, 20, or 30 years (the latter only if you have a lot of loans). The difference between a subsidized and unsubsidized loan is that with an UNsubsidized loan, the interest begins accumulating right away while you are still studying, and a subsidized loan doesn't accumulate interest until after you graduate. This can make a huge difference in the overall total loan amount you will be paying back (and possibly in the length of time it takes to pay it back), as the interest of an unsubsized loan will start compounding as well. The best way to avoid this is to start paying off the interest of your unsubsidized loan while in school if you can afford it - then when you graduate, the balance of your loan will be what you actually borrowed and not higher due to compounded interest.
What is a low interest loan funded by the us department of education that eligible student may take out to pay for college?
Direct Stafford loan right for apex learning
Do federal Stafford loans have to be paid back?
Yes, you need to pay back federal Stafford loans.
Are there any loans available for the unemployed to assist them getting back into college?
For going to college in the US, there are a few financial aid options. The first is the Federal Pell Grant, which is an amount of money that you DO NOT have to pay back (unless you drop your courses prematurely without good cause). For expenses beyond what the Pell Grant will pay for, the next option is the Federal Stafford loan, which comes in 2 varieties. Subsidized and unsubsidized. The difference being, the Government pays the interest that accrues on the subsidized portion while you are attending college. You are responsible for the interest that accrues on the unsubsidized portion. If there are any expenses left after those, there are other options, including private loans and gifts, but usually the combination of Pell Grants and Stafford loans will meet your needs.
