Graduate students are automatically granted a deferral on monthly PLUS Loan payments. Payments are deferred until six months after you cease to be enrolled at least half time, although interest continues to accrue. Graduate PLUS borrowers have the option to begin repayment 60 days after the PLUS Loan is fully disbursed. The standard repayment period is 10 years.
You can expect to hear from your lender/lenders about 30-45 days before the first payment is due. If you don't hear from your lender, it is your responsibility to contact them.
To finalize your PLUS Loan requirements, you need to complete an online loan exit counseling session. You will log in using your Federal Student Aid ID and password. We will receive confirmation after you have completed the session.
Who's my PLUS loan servicer?
Visit studentaid.gov/servicer to learn about the role that student loan servicers play in the repayment process and which servicer handles your PLUS loan. It is possible that you have more than one lender, which means you will have more than one lender to repay.
Helpful Repayment Links:
Don't pay for help with your loans!
You never have to pay for help with your federal student aid. Your student loan servicer provides free help with your questions or concerns about your loan payments.