<p>Is one allowed to pay off a Perkins and/or Stafford loan to the full amount during the grace period without any interest or charges?</p>
<p>sure but thats a bad move, its better to invest your new money first and pay off loans in the long run.</p>
<p>if I pay off the loans in the long run, interest will start incurring. why would I want to pay interest?</p>
<p>also, when it says the grace period begins 6 months after you stop being a full time student, will the grace period start after grad school if you go there immediately after undergrad school?</p>
<p>I am not 100% on the grsd school thing, though i think you continue deferment. While you can pay off the loans right away, why would you want to if you can use the same money to invest and still make profit while paying loans.</p>
<p>Yes, you can pay off the loans without incurring any charges other than the origination fee you may have paid at the outset, and if you have the funds to do so it is an excellent idea - essentially it is a good way of balancing the expense of college without paying thousands of dollars extra in interest.</p>
<p>Thanks for responding. I have another question. Do the loan amounts get paid to the college or me?</p>
<p>the college</p>
<p>so if I take more than the tuition cost, what happens?</p>
<p>you can request that the funds be given back to you by your school.</p>