When do I have to pay back my undergrad Direct loans if I plan to go to grad school?
I'm planning to go to graduate school internationally. I've taken out loans for my undergraduate education in the USA. I know the rules for Direct Subsidized and Unsubsidized Loans are to start paying 6 months after you graduate...but if I plan to continue my education can that period be extended until I graduate for my master's? And if yes, are there different rules for international education?
Public Comments
- You will fill out paperwork for a deferment each year. 6 months after grad school, you start paying back. (Unless you go for a ph.d)
- As long as you are enrolled at least part-time at a university your loans will go back into deferment (meaning you don't need to pay them back and interest only accrues on the unsubsidized loans). After you graduate / drop below part-time status your loans will go into the 6 month grace period and then into repayment after that.
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