This is important to know about the Grad PLUS if you don't yet: it does NOT have a grace period. Technically, it goes into immediate repayment. Students will need to file in-school deferment paperwork while in school. HOwever, if you are not enrolled in the summer (and many law schools do not have summer classes), students will go into repayment unless they apply and qualify for a forbearance. Also, students will not have the six month grace period following graduation that most private loans offer. Just something important to know up front! And this is from new guidelines about it released by the feds. Also, the entire bill is currently hit with several major law suits questioning its authority (the reconciliation bill that included the new Grad PLUS provision) so, as of now, it's all status quo. But everyone in financial aid is pretty cautious about it . ..