These loans do not charge interest, neither while you are in school nor during the nine-month grace period afterwards. Many lenders offer programs that give you a lower interest rate on your Federal Stafford Loan for making your monthly loan payments on time. Please visit preferred lenders to see the discounts they offer. The Government pays the interest while the student is in school. YES The interest accrues during the deferment period.
Students have the option to pay the interest while in school and grace period.
YES The interest accrues during the deferment period. Students have the option to pay the interest while in school. The govern- ment pays the interest while the student is in school. Interest begins to accrue after grace period.