Here is a question. I took out 12K in GradPlus loans during my 1st year of med school. This amount is now in deferment (i'm in my 3rd year of med school) but has turned into 13.5K already. I recently was awarded a 6K scholarship which is now in my bank account. I want to take this money and put it toward the GradPlus loan. Will this trigger repayment or can I use this years scholarship and next years scholarship to really take a bite out of this 8.5% monster.. Bottom line: Will making a payment on a GradPlus loan cause the loan to go into repayment..?