Leaving School and Loan Repayment
Once you are no longer enrolled at least half time in an eligible program, you'll have a six-month grace period before student loan payments start. You must begin repayment at the end of your grace period. It does not matter whether you drop out of school, graduate or go below half-time, the repayment schedule is the same.
If you have an in-school deferment on a Direct Subsidized or Unsubsidized Loan that entered repayment at an earlier date before you returned to school and you graduate, drop below half-time enrollment, or withdraw from school, you will be required to immediately begin making payments on the loan because the 6-month grace period has already been used up; there is no second grace period.
Make sure that both your school and the Direct Loan Servicing Center know that you are no longer enrolled. If you don't begin making payments when required, there is the possibility that you will lose repayment incentives you may have received or even go into default.
If you have borrowed any money to attend DU, you will have an exit meeting, regardless of why you are leaving. We'll explain your rights and responsibilities as a borrower and help you prepare for repayment.
Visit NSLDS . This is a government website about student loans and repayment options.
Read through your Rights & Responsibilities for more information.