It's adjusted each year of repayment, and you'll be notified of rate changes throughout the life of your loan. After you graduate, leave school, or drop below half-time enrollment, you have six months before you begin repayment. This is called a grace period. During your grace period, you'll receive information about repayment and will be notified of the date repayment begins. However, you're responsible for beginning repayment on time, even if you don't receive this information.
Payments are usually due monthly.
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