When do parents and graduate and professional degree students begin repaying a PLUS Loan?
Generally, within 60 days after the loan is fully disbursed (paid out). There is no grace period for these loans. This means interest starts to accrue as soon as the first disbursement is made. Your parents and graduate and professional degree students must begin repaying both principal and interest while in school. However, a graduate and professional degree student PLUS Loan borrower is eligible for an in school deferment while he or she is enrolled at least Half-time.
