Repay your Federal Stafford Loan


  • After you stop attending school at least half time, your 6-month grace period begins. You receive only one grace period per loan.
  • Repayment begins after the grace period ends, with the first payment usually do 45-60 days later.
  • The maximum repayment period is 10 years.
  • Payments are expected each month.
  • The minimum monthly payment is $50, but may be higher depending on your balance.
  • You may prepay your loan at any time without penalty. Prepayment may substantially reduce your interest costs.

Payment plans


  • Standard:
    • Minimum monthly payment is $50, but may be higher depending on balance
    • Maximum repayment period of 10 years
  • Graduated:
    • Begins with lower payment amounts that increase over time.
    • More interest will accrue over the life of the loan because the principal balance decreases at a slower rate.
  • Income-sensitive:
    • An adjusted payment amount based on gross income
    • Payment will be the greater of your monthly interest amount or 4 percent of your gross monthly income
    • Eligibility and payment amount verified annually
    • More interest will accrue over the life of the loan because the principal balance decreases at a slower rate.
  • Extended:
    • Available to new borrowers on or after October 7, 1998, who have a minimum balance of $30,000 in loans
    • Payment amounts can be either fixed annually or graduated
    • Maximum repayment term is 25 years

If you ever have difficulty repaying your loan, contact your loan holder immediately, as you have options, including deferment and forbearance!

Read more about Federal Stafford Loans.