Student loan forgiveness
- how long is student loan grace period
- how long is federal student loan grace period
- how long does student loan grace period last
- how long is the typical student loan grace period what does this mean
Who should you contact if you have trouble making payments once you leave school?
Grace period after graduation f1.
What Is the Student Loan Grace Period and How It Works
What Is the Student Loan Grace Period?
Creating a plan to tackle your student debt is essential—especially since you have, at best, only a six-month grace period after graduation before you have to start paying back those loans.
That grace period is not for all borrowers, however.
What is a grace periodFederal student loans allow a six-month window after graduation in which borrowers have time to prepare their debt repayment plans. Private student loan lenders may or may not offer a grace period.
Key Takeaways
- Student loan grace periods allow borrowers time to prepare to repay their loans before the first loan payment is due.
- Eligible federal student loan borrowers can enjoy a six-month grace period following graduation from college in which to explore repayment plans and options.
- Private student loan lenders are not required to offer grace periods, though some may choose to do so.
- One possibility for help with student loan repayment is asking about tuition assistance or reimbursement from an employer.