The U.S. Department of Education offers several plans to assist student borrowers with their loan repayment. Students will enter repayment for Perkins and Stafford loans once they graduate of if they drop below half-time enrollment for a semester (less than six credits enrolled). Once you enter repayment, most students will be given a one-time grace period to allow them to get financially prepared to pay back the loans and to select a plan.
For more information on the repayment process, please visit StudentAid.ed.gov: Understanding Repayment. Repayment plans vary in terms of length and minimum payment required according to the individual student's loan borrowing. To review the repayment plans available, please visit StudentAid.ed.gov: Repayment Plans.
It is important to contact your loan servicer if you are having trouble making on-time payments. Students with private loans should contact their lender to discuss their repayment options. Students with Perkins Loans may visit Student Business Services for more information.