Student Loan Repayment 
Before repayment begins , develop a plan that puts you on track to pay back your loan on time and in full. Understanding the details of repayment on your federal student loan can save you time and money. Find out what repayment plan options are available , when you must begin making payments , how to make your payment , how to pay your loan off faster , and what to do if you have trouble making payments. 

I need more information about my loan servicer. 
Find out who services your federal student loan. Try This Resource Federal Student Loans: Repaying Your Loans Provides information about federal student loan repayment plan options, finding loan history and loan servicers, and making payments. 

I need more information about the types of repayment plans available. 
Learn more about Repayment Plans. When You Must Begin Payments The Grace Period Making Payments Having Your Student Loan Forgiven REMEMBER : Your federal student loans can t be canceled or forgiven because you didn t get the education or job you expected or you didn t complete your education unless you couldn t complete your education because your school closed. 

When You Must Begin Payments 
Once you graduate , drop below half - time enrollment , or leave school , your federal student loan goes into repayment. However , if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan , you have a six - month grace period before you are required to start making regular payments. You ll have a nine - month grace period if you ve got a Perkins Loan. (Got a PLUS loan? You ll go into repayment as soon as the loan is fully disbursed which means once it s paid out. But if you re a graduate and professional student PLUS borrower, you will be placed on an automatic deferment while in school and for six months after graduating, leaving school, or dropping below half-time enrollment.) Note: When your loan enters repayment , your servicer will automatically place you 

user: Could you possibly give me some tips and pointers on developing a plan that would put me on track for student loan repayment in full and on time? 

assistant: Before your repayment begins, develop a plan that puts you on track. 

user: Is there any way to get an interest rate deduction on a Direct Loan? 

assistant: If you schedule an automatic monthly electronic debit of your loan payment from your bank account, you may receive a 0.25% interest rate deduction on your Direct Loan. 

user: Can you give me some more information about the types of repayment plans available? 

assistant: Actually, besides for paying off your loan, there is also a possibility of having your student loan forgiven as well. 

user: Is there a grace period after graduation? 

assistant: After you leave school or drop below half-time enrollment, you have a six-month grace period sometimes nine months for Perkins Loans before you must begin making payments. 

user: Would that be when I would have to begin making payments? 

assistant: Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. 

assistant: Is your loan a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan?