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It's never too early to start thinking about how you will repay your student loans after graduation.  Listed below are links that provide information on the different types of repayment plans and options available to help manage your student loans.

Plan for Repayment

Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. But different loan types have different before payment begins.

• Direct subsidized, direct unsubsidized, or federal family education loans have a six-month grace period before payments are required.
• Perkins Loans have a nine-month grace period before repayment begins.
• PLUS loans technically go into repayment as soon as the loan is fully disbursed, which means once it’s paid out.
• Professional student PLUS borrowers, including Stritch School of Medicine students, are generally placed on an automatic deferment while in school and for six months after graduating, leaving school, or dropping below half-time enrollment.

Choose a Repayment Plan

There are a variety of available. If a student does not select a specific repayment plan, they will be placed into the Standard Plan. Use the to estimate your monthly payment on the 10-year Standard Plan. Income-driven repayment plans are also available, which determine how much you will pay each month based on your income rather than on what you owe. Visit the website to compare requirements and eligibility. Once you decide on the right plan, you can apply for it through your account. 

Update Your Address

Once you know your address for your first year of residency, be sure to notify your servicer through your online account or by calling them to update it. You want to be certain that all mail from your servicer reaches the correct location.

Complete All Required Forms

If you sign up for one of the income-driven plans, be sure to complete the necessary income verification form for your servicer and provide any necessary tax or income verification. You will need to provide this verification each year that you are on the income-driven plan. If you plan to apply for Public Service Loan Forgiveness (PSLF), you need to complete an Employment Certification form to get credit for qualifying payments through the .