Some federal and private student loans have a grace period in which you do not have to begin repaying the loan immediately after graduating, leaving school, or dropping below half-time enrollment.


There is a six-month grace period for Direct Subsidized and Direct Unsubsidized loans. Direct PLUS loans have no grace period, meaning you must begin repayment immediately. Perkins Loans generally have a nine-month grace period, but its existence and duration of the grace period is determined by the school.


Below are some common loan repayment programs to discuss with your student loan servicer.