A grace period is the period of time given to you by

A grace period is the period of time given to you byu by the federal government between your graduation and when your first payment on your student loans is due. This time period (typically six months) is designed to give you time to get a job, become financially stable, and select a repayment plan (note: applying for an Income-Driven Repayment Plan will not end your grace period early). However, it is important to note that unsubsidized loans will still be accruing interest during this time.