For Federal Stafford Loans, loan repayment is deferred while a student is enrolled at least half-time in a degree-granting program at an accredited institution. If you have been out of school (whether or not you started repaying your loans) and return to school, your student loans may be eligible for deferment again. A student must be enrolled at least half-time in order to be eligible for loan deferment.
Students are granted a one-time, six-month grace period after leaving school, graduating or dropping below half-time enrollment before repayment begins. If a student has used all or part of the six-month grace period and returns to school, he/she may not be eligible for an additional grace period before repayment begins. Students should contact their lender for information about when repayment begins, the interest rate, the amount of each loan payment, etc.
For more information about student loan repayment and to use loan repayment calculators, please visit the U.S. Department of Education's Loan Repayment Information page.
To view a comparison between the different repayment plan options currently available, please view the Federal Loan Repayment Plans comparison chart.