What You Need to Know About Student Loans

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  • Direct Plus Loans
  • The Interest Is Not a Game
  • What’s a Grace Period?
  • But What’s Deferment?
  • And Forbearance?
  • Either Way You Gotta Pay Up
  • Should I Consolidate?
  • student loan debt
  • Not All Loans Are the Same
  • Fill Out an FAFSA
  • Read the Fine Print
  • Don’t Take Out More Than You Need
  • Subsidized Loans
  • Unsubsidized Loans

What’s a Grace Period?

For recent grads, depending on the type of loan you have, you may have a grace period, from six months up to one year, where you do not have to repay your loans. This gives you time to look for a job and/or start saving. Your interest may still be accruing over this time, however. 

(photo: GettyImages)

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