When do I need to start repaying my Direct Loan?

Repayment of a Direct Loan typically begins six months after the student graduates, leaves school, or drops below half-time enrollment. This six-month period is referred to as a grace period, and it allows borrowers some time to find a job or establish a stable financial situation before starting their loan payments. However, it is important for borrowers to note that interest may accrue during this grace period, particularly for unsubsidized Direct Loans, which means the total amount owed could increase if it is not paid off during this time. It is also crucial for borrowers to review their loan terms, as individuals may have different repayment options based on the type of loan they obtained and their unique circumstances. Understanding the repayment plan choices is key, as there are various plans available, including standard, graduated, and income-driven repayment plans. For the most accurate and personalized information regarding repayment timelines and options, it may be helpful to check the current guidelines available on the official Direct Loans website. This site provides detailed resources and answers to specific borrower questions.