Same question goes to Direct, Subsidized loans. And what does it mean that the Department of Education will pay the interest for the direct subsidized loan?When are the interest rates of a parent PLUS loan start to be accrued?
The interest on PLUS loans begins accruing as soon as the loan disburses. Payments begin 45 days after full disbursement. If you enroll fall/winter, then the PLUS will enter repayment in March. The PLUS is still the best loan option available to assist with student college expenses when scholarships, grants and student loans are not enough.
The interest on subsidized loans is paid by the federal government as long as the student remains enrolled at least half-time. Once the student is no longer enrolled at least half time, interest begins accruing and payments on student loans begin six months later (9 months on Perkins loans). You will receive information about the difference between subsidized and unsubsidized loans when you do your Entrance Loan Counseling. Your financial aid office will tell you how to do that.
Hoped I helped.