About two months before the end of your last semester at the university, you will need to make an appointment for an exit interview if you have received a Federal Perkins Loan.
During the interview, you will receive information about repaying your loans. Most loans have a “grace” period of six or nine months. You do not have to start repayment for this length of time after you graduate, withdraw or enroll for less than half time. Refer to your promissory note copy for this length of time. If you can make payments on your loan during your grace period, do so. Grace period payments are interest-free and greatly reduce the overall amount of interest you pay.
Loan Repayment
- Stafford Loans: You will hear from the lender from whom you borrowed the loan, the secondary market, or the billing agent that bills for them.