{"id":1354,"date":"2023-11-01T11:10:42","date_gmt":"2023-11-01T15:10:42","guid":{"rendered":"https:\/\/www.umw.edu\/financialaid\/?page_id=1354"},"modified":"2025-11-05T16:00:00","modified_gmt":"2025-11-05T21:00:00","slug":"graduating","status":"publish","type":"page","link":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/","title":{"rendered":"Graduating"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-graduating\">Graduating<\/h2>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile\"><div class=\"wp-block-media-text__content\">\n<p class=\"has-medium-font-size\">Congratulations on your graduation! There are several things to consider regarding your financial aid after graduation.<\/p>\n<\/div><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"650\" src=\"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-1024x650.jpg\" alt=\"\" class=\"wp-image-2138 size-full\" srcset=\"\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-1024x650.jpg 1024w, \/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-300x190.jpg 300w, \/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-768x487.jpg 768w, \/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-1536x975.jpg 1536w, \/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-2048x1300.jpg 2048w, \/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-1140x724.jpg 1140w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-federal-direct-student-loans\">Federal Direct Student Loans<\/h3>\n\n\n\n<div class=\"umw-accordion-container umw-custom-block\" data-only-one=\"true\">\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Direct Loan Exit Counseling<\/button><div class=\"accordion__question__answer\">\n<p>Federal Loan Exit Counseling is required by the Federal regulation for all students that withdraw, graduate, or drop below half-time enrollment. It helps student\u2019s understand their rights and responsibilities as a student loan borrower, and provides helpful tips to help students manage their loan repayment.  Complete exit counseling at <a href=\"https:\/\/studentaid.gov\/exit-counseling\/\" target=\"_blank\" rel=\"noreferrer noopener\">studentaid.gov<\/a>.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Grace Periods<\/button><div class=\"accordion__question__answer\">\n<p>The <a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment#grace\" target=\"_blank\" rel=\"noreferrer noopener\">Grace Period<\/a> of a federal student loan is six months. This means that repayment will not begin until six months after graduation. One exception is the Federal Perkins Loan, which has a nine month grace period. &nbsp;During the grace period, it is important to contact your federal loan servicer to choose the payment plan that fits your needs best.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Direct Subsidized Loans and Direct Unsubsidized Loans have a&nbsp;six-month&nbsp;grace period before payments are due.<\/li>\n\n\n\n<li>Parent PLUS loans&nbsp;do not&nbsp;have a grace period.<\/li>\n\n\n\n<li>Grad PLUS loan as a graduate or professional student, automatically get a&nbsp;six-month deferment&nbsp;after you graduate, leave school, or drop below half-time enrollment.<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Loan Lender vs. Loan Servicer<\/button><div class=\"accordion__question__answer\">\n<p>The <strong><em>Loan Lender<\/em><\/strong> is the organization that initially made the loan. For Federal student loans, the loan lender is the U.S. Department of Education.<\/p>\n\n\n\n<p>The <em><strong>Loan Servicer<\/strong><\/em> is the \u2018middleman\u2019. They will collect payments, respond to customer service inquiries, and perform other administrative tasks associated with maintaining a federal loan. The loan servicer agency can be viewed by students by logging into the National Student Loan Database (NSLDS) or studentaid.gov.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Repayment Plans<\/button><div class=\"accordion__question__answer\">\n<p>If a student does not contact their loan servicer prior to the end of the grace period, they will automatically be enrolled in the 10-year Standard Repayment Plan. However, there are a variety of other plans that may suit the student\u2019s individual financial status better, including several <a href=\"https:\/\/studentaid.gov\/idr\/\" target=\"_blank\" rel=\"noreferrer noopener\">Income-Based repayment plan options.<\/a><\/p>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-private-educational-student-loans\">Private Educational Student Loans<\/h3>\n\n\n\n<div class=\"umw-collapsible-section umw-custom-block\"><div class=\"accordion__question\" data-js-question=\"true\"><button class=\"accordion__question__trigger\" data-js-trigger=\"true\">Loan Repayment<\/button><div class=\"accordion__question__answer\">\n<p>It is important to contact your private educational student loan lender in order to arrange and better understand student repayment options and update them with your current information.<\/p>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Graduating Congratulations on your graduation! There are several things to consider regarding your financial aid after graduation. Federal Direct Student Loans Private Educational Student Loans<\/p>\n","protected":false},"author":1136,"featured_media":0,"parent":1357,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"umw_cb_additional_links":[[]],"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_advisory_expires_time":"","_advisory_meta_include":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":{"0":"post-1354","1":"page","2":"type-page","3":"status-publish","5":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Graduating &#187; Financial Aid<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Graduating\" \/>\n<meta property=\"og:description\" content=\"Graduating Congratulations on your graduation! There are several things to consider regarding your financial aid after graduation. Federal Direct Student Loans Private Educational Student Loans\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Aid\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-05T21:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1625\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/\",\"url\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/\",\"name\":\"Graduating &#187; Financial Aid\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/wp-content\\\/uploads\\\/sites\\\/31\\\/2025\\\/10\\\/TR_2025_grad_122-1024x650.jpg\",\"datePublished\":\"2023-11-01T15:10:42+00:00\",\"dateModified\":\"2025-11-05T21:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/wp-content\\\/uploads\\\/sites\\\/31\\\/2025\\\/10\\\/TR_2025_grad_122-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/wp-content\\\/uploads\\\/sites\\\/31\\\/2025\\\/10\\\/TR_2025_grad_122-scaled.jpg\",\"width\":\"2560\",\"height\":\"1625\",\"caption\":\"2025 UMW Commencement\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/graduating\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Financial Aid Process\",\"item\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Leaving the University\",\"item\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/process\\\/leaving\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Graduating\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/#website\",\"url\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/\",\"name\":\"Financial Aid\",\"description\":\"University of Mary Washington\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.umw.edu\\\/financialaid\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Graduating &#187; Financial Aid","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/","og_locale":"en_US","og_type":"article","og_title":"Graduating","og_description":"Graduating Congratulations on your graduation! There are several things to consider regarding your financial aid after graduation. Federal Direct Student Loans Private Educational Student Loans","og_url":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/","og_site_name":"Financial Aid","article_modified_time":"2025-11-05T21:00:00+00:00","og_image":[{"width":2560,"height":1625,"url":"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/","url":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/","name":"Graduating &#187; Financial Aid","isPartOf":{"@id":"https:\/\/www.umw.edu\/financialaid\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/#primaryimage"},"image":{"@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/#primaryimage"},"thumbnailUrl":"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-1024x650.jpg","datePublished":"2023-11-01T15:10:42+00:00","dateModified":"2025-11-05T21:00:00+00:00","breadcrumb":{"@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/#primaryimage","url":"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-scaled.jpg","contentUrl":"https:\/\/www.umw.edu\/financialaid\/wp-content\/uploads\/sites\/31\/2025\/10\/TR_2025_grad_122-scaled.jpg","width":"2560","height":"1625","caption":"2025 UMW Commencement"},{"@type":"BreadcrumbList","@id":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/graduating\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.umw.edu\/financialaid\/"},{"@type":"ListItem","position":2,"name":"The Financial Aid Process","item":"https:\/\/www.umw.edu\/financialaid\/process\/"},{"@type":"ListItem","position":3,"name":"Leaving the University","item":"https:\/\/www.umw.edu\/financialaid\/process\/leaving\/"},{"@type":"ListItem","position":4,"name":"Graduating"}]},{"@type":"WebSite","@id":"https:\/\/www.umw.edu\/financialaid\/#website","url":"https:\/\/www.umw.edu\/financialaid\/","name":"Financial Aid","description":"University of Mary Washington","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.umw.edu\/financialaid\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/users\/1136"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/comments?post=1354"}],"version-history":[{"count":0,"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1354\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1357"}],"wp:attachment":[{"href":"https:\/\/www.umw.edu\/financialaid\/wp-json\/wp\/v2\/media?parent=1354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}