What repayment types are available for Parent Loans? July 31, 2020 22:04 Updated Follow For Parent Loans, you can choose Full Immediate Repayment or Interest Only Repayment. Related articles Can I refinance a Parent PLUS loan? When do my payments begin for the parent student loan? What’s the difference between co-signing a loan for my student and taking out a parent student loan? What are SoFi's Personal Loan term options? Do Parent Loans have a grace period?