All federal loans require that you maintain at least half time status to stay out of your grace period-repayment stage. Check with your university to make sure the amount of credits you plan on taking qualifies you for this status. If you were to go under half time, your loans would enter their grace period, which is six months for Stafford Loans and nine months for Perkins Loans.

Once you have used up your grace period, you will not be granted another one. This means when you return to school and reach graduation, your may enter repayment directly after.

For more information, please visit the source below. Good luck and I hope this helps!

http://www.salliemae.com ( For student loans)!!!!

http://www.iefa.org ——-> International Students on the web <---- http://www.about.com --->Great search engine and information site for everything <--- http://www.ed.gov/index.jhtml --> Dept. of Education for any questions<-- http://www.fastweb.com http://www.gocollege.com http://www.collegeboard.com http://www.scholarships.com http://www.walmartfoundation.o... Please go to the Department of Education for more help and a list of student loan foundations. Good Luck!!!! I obtained these website from my community college in which I attend. If you start paying your student loan while in school you can claim it on your taxes. Also I pays towards the interest. Right now interest rates are 6.8% fixed. I wish you the best.