There will be a six (6) month grace period which begins at the end of your in-school period, except for borrowers who choose Immediate Repayment. The grace period is triggered by the student either a) dropping below half-time attendance, b) withdrawing from the eligible institution, or c) graduating. The Repayment Term will begin within thirty (30) days of the end of the grace period. Any interest accrued during any period of deferment or grace will be added to the principal balance at the beginning of the full repayment period.