International Student Blog

International Student Blog

What is a grace period? Understanding loan terms

March 15th, 2014 by Jennifer Frankel

What is a Grace Period? In general, a grace period is a time span after a deadline in which a penalty would normally be levied, but is waived.  When it comes to international and study abroad student loans, a grace period is a certain amount of time after you graduate, drop below half-time status, or…

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