Prior to this date, the student will be required to attend an exit interview. At the exit interview, the student will be given a summary of all financial assistance requiring repayment, a repayment schedule and instructions on the repayment of the loan. The loan repayment period is based upon the specific requirements of the loan program. For applicable loans, the grace period begins on the separation date. Unless stated otherwise in the promissory note, no interest accrues nor are any payments due during the grace period.
Interest begins accruing at the end of the grace period.
An expiration of grace statement is mailed to the student informing them of when the first payment is due. Students entering advanced professional training, military, or Peace Corps may be eligible for loan deferment. If the student is engaged in an activity which qualifies for deferment, the repayment period may be deferred. Inquiries concerning deferment provisions of specific loan programs should be made to the Student Loan Office prior to the initial payment due date. The Student Loan Office sends monthly statements to borrowers repaying Health Professions and Nursing Student Loans and institutional loans.