Your first student loan payment is due six months from when you leave school, whether you graduate or leave the program. If you don’t talk with your student loan servicer at least 45 days before the first payment is due, you are on the standard repayment plan. It takes the sum of your student loans and interest, then divides it into 120 installments (10 years). To give you an idea of what this looks like, if your loans are $60,000, payments will be about $515 a month, depending on interest rates.
If you are unemployed, underemployed or have significant other debt, such as medical bills, this type of payment may not be realistic.