Understand total program costs and loan repayment obligations before committing to a loan. Estimate the total amount you will need to borrow to pay for a degree by reviewing Penn State's tuition estimator. Review repayment timelines at Federal Student Loans. Use a loan repayment estimator (such as the one at Federal Student Aid) to project your total cost with interest, and the likely monthly payment required following graduation.
Loan repayment begins six months after a student ceases to be enrolled half-time, even if the student has not graduated.