Student Loan Repayment

When does student loan repayment start 



So when does student loan repayment start in US? Student loan repayment in the US typically starts six months after you graduate from college or leave school at least half-time. This is known as your grace period. If you have federal student loans, you may be eligible for other grace periods, such as if you are in graduate school or serving in the military.

Here is a more detailed breakdown of when does student loan repayment start for different types of loans:

  • Federal student loans: Federal student loans typically have a six-month grace period after you graduate from college or leave school at least half-time. However, there are some exceptions. For example, if you are in graduate school, you may be eligible for an additional grace period. And if you are serving in the military, you may be eligible for a deferment, which means that you can temporarily postpone making payments on your loans.
  • Private student loans: Private student loans typically do not have a grace period. This means that you will start making payments on your loans as soon as they are disbursed.

If you are unsure when does student loan repayment start, you can contact your loan servicer. Your loan servicer is the company that manages your student loans and sends you your monthly billing statements.

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How to prepare for student loan repayment

Once you know when your student loan repayment starts, it is important to start preparing. Here are a few tips:

  • Create a budget: A budget will help you track your income and expenses and make sure that you can afford to make your monthly student loan payments.
  • Estimate your monthly payments: You can use a student loan calculator to estimate your monthly payments. Be careful to take interest and fees into account.
  • Consider your repayment options: There are a variety of student loan repayment plans available. Pick a plan which best fits your financial objectives and budget.
  • Set realistic goals: It is important to set realistic goals for yourself when it comes to student loan repayment. Don’t try to pay off your loans too quickly or you may end up in debt again.

Tips for managing student loan repayment

Here are a few tips for managing student loan repayment:

  • Make your payments on time: Making your payments on time will help you avoid late fees and damage to your credit score.
  • Pay more than the minimum payment: If you can afford to pay more than the minimum payment, you will pay off your loans faster and save money on interest.
  • Consider consolidating your loans: If you have multiple student loans, you may be able to consolidate them into a single loan with a lower interest rate.
  • Refinance your loans: If you have good credit, you may be able to refinance your student loans to a lower interest rate.
  • Consider income-driven repayment plans: If you are struggling to make your student loan payments, you may be eligible for an income-driven repayment plan. Your monthly payments under these plans will be capped at a percentage of your discretionary income.

Student loan forgiveness programs

There are a numerous student loan forgiveness programs available to choose from. These programs can help you forgive some or all of your student loan debt. Here are a few examples:

  • Public Service Loan Forgiveness (PSLF): PSLF forgives the remaining balance on your federal student loans after you make 120 qualifying monthly payments while working full-time for a qualifying public service employer.
  • Teacher Loan Forgiveness: Teacher Loan Forgiveness forgives up to $17,500 in federal student loans for teachers who work full-time for five consecutive years in a low-income school or educational service agency.
  • Perkins Loan Cancellation: Perkins Loan Cancellation forgives up to 100% of your Perkins Loan balance if you work in certain public service professions, such as teaching, nursing, or law enforcement.

To learn more about student loan forgiveness programs, visit the Federal Student Aid official website.

Additional tips for student loan repayment

  • Talk to your loan servicer: If you are having trouble making your student loan payments, talk to your loan servicer. They may be able to offer you assistance, such as a deferment or forbearance.
  • Get help from a financial advisor: A financial advisor can help you create a budget, develop a repayment plan, and choose the right financial products for your needs.
  • Take advantage of free resources: There are a number of free resources available to help you with student loan repayment. For example, the National Student Loan Data System (NSLDS) provides access to your student loan information, and the Consumer Financial Protection Bureau (CFPB) offers a variety of resources on student loan repayment.


Student loan repayment can be a daunting task, but there are a number of resources available to help you. By taking the time to prepare for repayment and manage your loans effectively, you can reach your financial goals. We hope you learned all the important things related to ‘When does student loan repayment start’.

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