Before you borrow, find out how to calculate expected payments. Use our Loan Repayment calculator to judge how much your average monthly payment will be. Of course, until you start repayment, these amounts are only estimates.
Federal Loan Repayment
For Federal Parent Plus loans, payment of principal and interest begins within 60 days of disbursement. The maximum repayment period is 10 years.
Advantage Parent Loan Repayment
The Advantage Parent Loan program has three repayment plans. The repayment plan is selected when applying for the loan.
- Full principal and interest payments upon final disbursement
- Interest-only payments for up to 72 months while in school
- Postpone payments for up to 72 months while in school
Once a loan is disbursed, the repayment plan selected during the application process cannot be changed.