What repayment types are available for Parent Loans? July 31, 2020 22:04 Updated For Parent Loans, you can choose Full Immediate Repayment or Interest Only Repayment. Related articles 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? Do Parent Loans have a grace period? When/How can I sign up for autopay for my Private Student Loan? Why was my SoFi Private School Loan application declined?