<p>I recieved my fin aid packet yesterday and almost 100% of my need was met (with a stafford loan included in that total) but since my EFC was quite high, I still need to take out an additional loan. </p>
<p>I was reading up on the PLUS loan but I was confused on whether my parents would begin paying it now or repay after I graduate like the stafford? If they have to begin now, it seems like it pretty much defeats the purpose. What loans can I, or my parents, take out that I can defer payment until i graduate?</p>
<p>Bump.. also want to know this info..</p>
<p>Hey,</p>
<p>I am pretty sure that PLUS loans do not defer payment until you graduate...there are private loans available through banks that will defer payments until you graduate, but will incur a larger interest rate than PLUS loans...hope this helps...</p>
<p>PLUS loans begin to be repayed within 60 days of the final disbursement for the academic year. So if the PLUS loan is divided between the fall and the spring semesters, the repayment would begin within 60 days of the payment for the spring semester or about February or so of 2006 depending on your particular college's deadlines and calendar.</p>
<p>RE-Read PLUS conditions carefully. -ooz3d, -ncsu. The intricacies of money will make or break you. Money matters are much more complicated than anything that you have already learned and will learn.</p>