For loans disbursed after July 1, 1993
APR:
5%
Initial grace period:
9 months
Post-deferment grace period:
6 months
Repayment period:
120 months
Accrued interest:
Interest does not accrue while you are in school or in an approved deferment or cancelation status.
Deferment types for this loan:
Full-time student: No limit
Half-time student: No limit
Graduate fellowship: No limit
Rehabilitation/professional training: No limit
Unemployment: 3-yr max
Economic hardship: 3-yr max
Active duty/National Guard (during military operation): 3-yr max
Cancellation types for this loan:
Teaching (specific areas)
Head Start
Military (areas of hostility)
Nursing/medical technician
Peace Corps
Law enforcement (full time)
Community service
Permanent total disability
Death