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What are the repayment terms of student loans?

April 26, 2017repayment student loans terms

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What are the repayment terms of student loans?

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Federal Stafford loans are currently set at a 6.8% fixed interest rate. Federal Stafford loans do not go into repayment status until 6 months after graduation. Stafford loans will also go into repayment if a student drops below half-time or has to sit out of school for any period longer than six months.

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A. Federal Stafford loans are currently set at a 6.8% fixed interest rate. Federal Stafford loans do not go into repayment status until 6 months after graduation. Stafford loans will also go into repayment if a student drops below half-time or has to sit out of school for any period longer than six months.