Funding U loans do require monthly payments while you are in school at a lowered courtesy rate of either $20 minimum or an Interest-only payment amount (Options vary by State and are provided with Interest rates at the time of application).
Traditional repayment begins six months after graduation. For example, if you graduate in May your first traditional payment would be due in November. Your loan repayment period is 10 years or 120 months.
You can always make extra payments at any time with no penalty which will reduce your loan balance. We report your in-school payments to credit bureaus so on-time payments should help to improve your credit score.
*Your repayment period will begin sooner if you discontinue your eligible college program or are no longer enrolled full-time in an eligible school.