When Do I Start Paying Back My Student Loans?

Student Loans
1

Good afternoon…
I could really use some advice. I’m a high school senior and don’t know much about student loans, but I already know I won’t qualify for financial aid. My plan is to go to school to become a PA (Physician Assistant), so that’s four years of college, then two years of PA school. I’ll probably need loans for both.
My question is: when do I actually have to start paying them back? Do I start after undergrad, or once I finish PA school?
Also, community college isn’t an option—my parents won’t let me go, and if you’ve got strict Asian parents, you know what I mean :sweat_smile:. Any advice would be awesome!

Best of luck…

2

Most federal student loans have a six-month grace period. :sweat: Accordingly, payments won’t become due until six months following your graduation, your departure from school, or your enrollment falling below half-time.

3

:unamused:There is a nine-month grace period for Perkins loans.

4

Usually have no grace period and interest begins to accrue right away.

5

may have various terms for repayment, so it’s crucial to speak with your lender.
While some could provide a grace period, :face_with_raised_eyebrow: others might demand cash right away.

6

It’s a good idea to start making payments as soon as you can to lower your total debt because interest may still accrue during the grace period.