Equal to cost of student s education minus other financial aid. Sixty days after final disbursement. Three repayment plans. Nonfederal Loans Student or Parent. Equal to cost of student s education minus other financial aid.
Refunds are available approximately three days before classes begin.
You are, however, responsible for beginning repayment on time, even if you don t receive this information. The Federal Perkins and Federal Stafford loans have a grace period. After you graduate, leave school, or drop below half-time enrollment, you have nine months for Perkins and six months for the Stafford before repayment begins. You are allowed only one grace period per loan. Remember, however, that interest begins accruing on the amount of the first disbursement at the time it is credited to your university bill.