You can defer payments on your Parent PLUS loan until six months after your dependent student graduates, leaves school, or drops below half-time.

Should you choose to defer payments during the in-school period and/or the six month post-enrollment period, you will receive quarterly interest statements and have the option to pay the accrued interest. If you don't make such interest payments, currently any unpaid accrued interest will be capitalized (added to the principal loan balance) at either the end of the in-school deferment or, if taken, the end of the six-month post-enrollment deferment, increasing the overall loan costs. Sallie Mae reserves the right to capitalize interest as often as quarterly.

Eligibility

Parent PLUS loans first disbursed on or after July 1, 2008 are eligible.