MBA Finances

Federal Loans FAQ's

When do I have to begin repaying my loan?

• Direct Subsidized/Unsubsidized Loans have a 6-month grace period that starts the day after you graduate, leave school, or drop below half-time enrollment (6 units). You don’t have to begin making payments until your grace period ends.
• Direct Grad PLUS Loans do not have a grace period. The Grad PLUS Loan enters repayment 60 days after the loan has been fully disbursed; however, the loan will be entered into an "In-School Deferment" which will be in effect until you graduate, leave school, or drop below half-time enrollment (6 units).