What Is the Student Loan Grace Period? | Student Loans and Advice
Once you've graduated from college, the quest to land a job, find an apartment and start your adult life can seem overwhelming. There are so many questions to answer and so little time to go searching for the answers.For instance, you might start wondering when those student loans you took out actually need to be paid back.Fortunately for most borrowers, there is a reprieve after graduation known as the student loan grace period, which functions as a temporary delay of required loan payments. Read below to learn how a student loan grace period works, when it ends and what it might cost you.What Is a Student Loan Grace Period?A student loan grace period refers to a time when payments are not due. Interest may still accrue during this time, but that depends on the type of loan you have. Mos...
