<ol>
<li>fed dir parent PLUS loan </li>
</ol>
<p>*is this the student's or the parents'?</p>
<p>*when is repayment start, at graduation or at loan disbursment time?</p>
<p>*can income based repayment rules be used for this loan ?</p>
<ol>
<li>fed direct loan unsubsidized</li>
</ol>
<p>*when is repayment start, at graduation or at loan disbursment time?</p>
<p>PLUS is a parent loan. Repayment starts immediately and the first payment is due within 60 days after disbursement. Payment can be deferred until the student graduates + a grace period, but interest will continue to accrue and will be capitalized (added to the loan balance). Income based repayment don’t apply to parent PLUS loans (you can choose different repayment periods, but the longer periods will mean more interest).</p>
<p>Direct unsub loan is a student loan. Interest repayment starts at disbursement, but can be deferred until graduation/dropping below half time + a 6 month grace period. If you defer interest payments, the interest will continue to accrue and will be added to the loan. </p>
<p>studentaid.ed.gov has a lot of information about education loans.</p>
<p>thanks for the info</p>
<p>I aways add the advice to try to pay the interest while in school, especially the first two years when it is lower, it really does add up. I was able to do that for my son although he put a few hundred on them also. Run the numbers both ways, the page swimcatsmom gave you should have calculators.</p>