Financial Aid Home > Frequently Asked Questions > FAQ: Stafford Loan Repayment

Q: How much will the payments on my Federal Stafford Loans be after I graduate from Fielding Graduate?
A: Repayment amounts vary, depending on the total amount borrowed. Use a repayment calculator to help you estimate your future payments. Please remember that this is an estimate.

Q: Are there any pre-payment penalties?
A: No, there are no pre-payment penalties on your student loans. If you want to pay off your loans before your final payment is due, you're encouraged to do so.

Q: Do I have to start repaying as soon as I leave school?
A: Stafford loans have a six-month grace period once you graduate or drop below half-time status. Be aware of when your first payment is due so that you do not lose your on-time repayment interest rate discounts.

Q: What happens if I choose to capitalize the interest on a Stafford loan?
A: If you choose not to pay the interest on an unsubsidized Stafford loan while in school, the interest on the loan will be capitalized. This means that interest will accrue on the loan, and that interest will be added to the original balance of the loan.

Q: Are there any tax breaks with a Stafford Loan?
A: Students who are repaying their federal loans - including the Stafford loan - can deduct interest payments from their income taxes. This is the primary tax break offered to students. Most tax breaks are limited by income. Learn more about Higher Education Tax Credits.