Can parents or graduate and professional degree students defer repayment of their PLUS Loan?
Yes, as long as the loan isnt in Default. Generally, the same deferment provisions that apply to Stafford Loans apply to PLUS Loans. Because PLUS Loans are unsubsidized, parents and graduate and professional degree students will be charged interest during periods of deferment. If they dont pay the interest as it accrues, it will be Capitalized (added to their outstanding principal balance). A parent PLUS loan borrower may not receive a deferment based on the dependent students Half-time enrollment, but graduate and professional PLUS borrowers may defer repayment while enrolled at least Half-time.
