During the grace period no interest or principal payments are required. Your school determines the interest rate and repayment terms of the loans they award. The Student Loan Office works in conjunction with your Financial Aid Office to produce a promissory note and to disburse the proceeds of the loan to your student bill once you have completed the note. You will need to sign a promissory note for each disbursement. During this time no interest or principal payments are required.
Unsubsidized loans begin accruing interest from the date of disbursement.
This interest can be postponed through the end of your grace period, which is generally six months.