Repayment
| Repayment Begins | Repayment Period | Accrues Interest? *** | Lender | |
|---|---|---|---|---|
| Subsidized Stafford | 6 months after graduation* | 10 years | No | Bank or Ed Lender**** |
| Unsubsidized Stafford | 6 months after graduation | 10 years | Yes | Bank or Ed Lender |
| Parent PLUS | 60 days** after disbursement | 10 years | Yes | Bank or Ed Lender |
| GradPLUS | Immediately after graduation | 10 years | Yes | Bank or Ed Lender |
| Perkins | 9 months after graduation | 10 years | No | Duke Univ |
| Duke Univ Loan | 6 months after graduation | 10 years | No | Duke Univ |
*Repayment begins 6 months after graduation or whenever you drop below half-time enrollment.
** Parents can request a deferment on their loan while you are enrolled on at least a half-time basis. They may also request forbearance for economic reasons after you are no longer enrolled.
***Interest accrual begins on date of disbursement and is capitalized (added to the principal of the loan) 4 times a year.
****PLEASE NOTE Many banks are selling their educational loans from a given year to the federal government. If your loan is sold, you will be notified by your lender and contacted by a servicer for the government. The terms of the loan do not change. If one of your loans is sold, it does not mean that all of your loans have been sold so please read all correspondence regarding the sale of your loans carefully to avoid missing payments. You may have more than one lender and be required to make two separate payments if your loans are sold.