The government will pay interest on the loan until you begin repayment, while enrolled in school, during grace periods, or in times of authorized deferment. The period of time between leaving school and the beginning of repayment on a student loan. The lender may grant a forbearance upon request from the borrower. The borrower is responsible for all the interest that accrues during forbearance. Do not have to demonstrate financial need to receive.
Interest begins to accrue immediately.
Begins six months after student graduates, withdraws, or drops below half time. Accrued interest could be capitalized. Capitalization occurs at different intervals depending on the lender's policy. Do not have to demonstrate financial need to receive. Parents may borrow up to the cost of education for their dependent, undergraduate student, minus any other financial aid the student has received for the year.