Your student loan is a serious obligation, and managing it well can work to your advantage as you begin your life after college. Our students repay their loans successfully and you can too.
You can read about how loan repayment works and then let our financial aid counselors know if you have questions about your loans. Contact us at any time for help with your repayment questions - while you are in school, as graduation approaches, or after you've completed your enrollment at the UW. We know it's important for you to repay your loans as quickly and inexpensively as possible and we are here to help.
Once you are no longer enrolled at least half-time in an eligible program, your Stafford Subsidized and Unsubsidized loans have a 6-month grace period before you are required to begin repayment. If you received an in-school deferment on a Stafford Subsidized or Unsubsidized loan previously as you returned to school, you will be required to begin making repayments upon graduating, withdrawing from school, or dropping below half-time enrollment. There is no additional 6-month grace period allowed.
Parent PLUS and Graduate PLUS loans do not have a grace period. Your repayment period begins on the day after your final loan disbursement is made. Graduate PLUS loan borrowers may defer repayment while enrolled in school at least half-time for an additional 6 months after you graduate, withdraw from school, or drop below half-time enrollment. Parent PLUS borrowers may also defer repayment for PLUS loans disbursed on or after July 1, 2008 while their student is enrolled at least half-time. If you defer repayment, any interest accumulated during deferment will be added to the unpaid principal amount of the loan, increasing the loan balance.
Review the Top 10 Student Loan Tips for Recent Graduates for ideas to help you get started.