In Grace

Now that you're done with school, review the available resources to help you get ready for when you have to start paying back your student loans.

Preparing for Repayment

In a few short months, the time will come to start paying back your loans. But where do you start? Follow these next steps to get you headed in the right direction.

Next Steps to Take

Find Out What Happens During Grace

Understand what grace is, when it begins, and get helpful hints on what to do and look for during those 6 months.

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Review Your Loan Information

The easiest place to get all your loan information is in Account Access. Through this online tool you can:

  • Get loan balances
  • See interest rates
  • Make payments
  • Update your personal information

Don't Have an Account?

Create One Now!

Understand Interest

For some loan types, interest accrues daily. It can save you money in the long run if you pay on this interest during your grace period.

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Estimate Your Monthly Bill

Creating a plan for repaying your student loans is much easier when you know what your monthly bill will be. Use our Manage Repayment tool to get an approximate monthly payment.

Your First Bill

During the last month of grace, you will receive your first bill approximately 20 days before your first payment is due.

Get Help Understanding Your Bill

If you aren't sure about some of the information on your monthly bill, visit our interactive resource to get specific details about your statement and its different parts.

Lower Your Payments

If your monthly payment is too high, don't worry. We have repayment plan options that can help, such as Income-Driven Repayment (IDR) plans in which payments can be as low as $0 per month.

Explore Plans

Lowering Your Payments

If your loan payments are too high, we offer options to help reduce your monthly bill to fit your financial situation.


If you have multiple federal loans and/or high loan debt, one option to consider is consolidation. When you combine all your loans into one, it will give you a fixed interest rate, a lower monthly payment, and more. Our Consolidation Quiz will help you determine if this option is right for you.

Repayment Plans

There are several repayment plans that are based on your income and loan debt. Some offer payments as low as $0 per month.

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Save Money—Make Payments in Grace

Making payments while in your grace period will lessen the total amount that you pay over the life of your loan.

Grace Calculator

See how much you can save if you make payments during your 6-month grace period.

How to Pay

The fastest and easiest way to make payments while in grace is online through Account Access.

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Target Your Payments

If you have specific loans you want to pay down first, you can choose where the money will go.

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IDR Application
Get Help with Your Income-Driven Repayment (IDR) Application

Let us guide you through the IDR application and how to fill out each section with our interactive tool in Understanding Your Correspondence.