While you, the student, are enrolled half-time or higher in a degree program your loans will be in in-school deferment status.
Your Federal Direct Subsidized loans, Federal Perkins loans, and institutional loans will not accrue interest while you are in school. However, Federal Unsubsidized and Private Student Loans will accrue interest throughout the life of the loan.
Once you drop below half-time enrollment all student loans will enter grace period status (either 6 or 9 months depending on the loan type), followed by repayment status.
Your assigned Federal Direct Loan servicer will be in contact with you during school and during your grace period to prepare you for repayment. Your first loan payments are normally due a month after the grace period ends. Your loan history and loan servicer(s) information can be found at the Federal Student Aid National Student Loan Data System student access website. A full listing of all the federal loan services can be found on the Federal Student Aid website.
Loan Repayment Calculator page for additional information. Additionally, if you borrowed from private entities, view FASTChoice Repayment Essentials counseling, sponsored by WI Department of Financial Institutions, to help prepare for repayment.