Graduate PLUS loans are deferred while the student-borrower is enrolled at least half-time (4.5 credits) and for an additional six months after the student ceases to be enrolled..
The federal loan servicer assigned to the student's loan will provide information about repayment and confirm the date repayment begins. Payments are made to the federal loan servicer. Repayment terms rang from 10 to 25 years.
To calculate estimated loan payments, use the Direct Loan Repayment Calculator.
Deferment allows borrwers to delay loan repayment. Upon disbursement, borrowers will receive repayment and deferment information from their loan servicer. Learn more about deferment options.
Deferred loans still accrue interest on the loan during the deferment. The borrower may choose to pay the accrued interest or allow the interest to capitalize when the deferment period ends. The loan servicer will notify the borrower when the first payment is due.
Borrowers who are unable to make their scheduled loan payments should contact their loan servicer immediately. The servicer can help the borrower understand their options for keeping the loan in good standing. For example, the borrower may wish to change their repayment plan or request a deferment or forbearance that allows them to temporarily stop or lower the payments on the loan. Learn more about forbearance options.
In certain situations, borrowers can have their federal student loan forgiven, canceled, or discharged.