Deferred repayment option: Make no payments while you're in school and in grace (six months after leaving school).footnote 1 With this Graduate School Loan repayment option, you'll likely pay more for your total student loan cost, since the interest rate may be higher and unpaid interest will be added to your principal amount at the end of your grace period.
Pay a little and save
Fixed repayment option: Pay $25 every monthfootnote 5 you're in school and in grace, and you can save on your total loan cost when compared to our deferred repayment option.footnote 1 Unpaid interest will be added to your principal amount at the end of your grace period.
Pay interest and save even more
Interest repayment option: Pay your Graduate School Loan interest every month you're in school and in grace. Your interest rate will be 0.50 percentage points lower than with the deferred repayment option and 0.25 percentage points lower than with the fixed repayment option.footnote 1 Your total loan cost will likely be lower than with the other repayment options, but your Graduate School Loan payments will likely be larger while you're in school and in grace.