federal-perkins-loan-repayment

You are entitled to a grace period of nine consecutive months following your separation from an institution of higher education. No payments are due during this period and no interest accrues. Repayment starts after the grace period ends and continues monthly for up to 10 years, excluding periods of deferment.  You will receive a bill approximately 20 days before each due date. You may prepay your loan at any time without penalty. If you are planning a career in the military, the Department of Defense may have a program to help pay your federal loans.