How do I pay back my Nellie Mae GradPLUS Loan? Nellie Mae makes repayment easy, flexible, and affordable!Find the repayment schedule that's right for you!
Choose from the following Nellie Mae GradPLUS Loan repayment plans before your first payment:
- Standard repayment: Pay a fixed monthly amount ($50 minimum) for up to 10 years.
- Graduated repayment: Make lower payments at the beginning of your repayment period and increase the amount of your installments over time.
- Income-sensitive repayment: Adjust your monthly payments annually based on your salary.
- Extended repayment: Take up to 25 years to pay off loans totaling $30,000 or more.
GradPLUS borrowers automatically receive in-school deferment while enrolled at least half time, based on school certification.
You may request voluntary, six-month forbearance to align your GradPLUS repayments with your Federal Stafford Loan repayments.
Remember: You may change repayment plans, and the GradPLUS Loan can be prepaid at any time without penalty.
Nellie Mae's calculators can help you choose a repayment schedule.
