Is there a grace period after graduation before I have to start making payments?

Yes, if you have student loan debt in Alaska, you do have a grace period after graduating. The standard six-month grace period applies in Alaska, giving you time to adjust to life after college and possibly find employment before you have to start paying your loans back. During the grace period, interest will still accrue on your student loans, so it’s important to try and make payments if you’re able to. Once the grace period ends, you will have to start making payments, so make sure you’re aware of when that is. If you have federal loans, you may be able to apply for a deferment or forbearance which would temporarily stop your payments if you meet certain eligibility requirements. It’s important to note that interest will still accrue during this time, so it’s best to pay as much as you can towards your loan during this time. Furthermore, private loans may not offer a grace period, so you should contact your loan servicer for details. Finally, if you are having trouble making payments, you should contact your loan servicer immediately to discuss alternate options such as an Extended Repayment Plan which can lower your payment. There are also other programs, such as income-driven repayment plans that may be available to you, so make sure to research all of your options.

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Is there a grace period after graduation before I have to start making payments?

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