DEAL Student Loans have a six-month grace period. During a grace period, payments are not required on the loan; however, interest continues to accrue. Grace periods are meant to help students while they transition from college into their career and toward successfully repaying their student loans. Typically, students will have a six-month grace period right before they enter repayment. A loan enters a grace period after one of the following occurs:
The student graduates. The student falls below half-time enrollment when they were previously enrolled half-time or more. The student withdraws from school. If a student begins half-time enrollment status or more while they are still within their grace period and have not exhausted the full six months, the grace period will not be considered used. If the full six-month grace period passes before the student returns to half-time enrollment status or more, they will not receive another grace period.