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

Yes, there is a grace period after graduation before you have to start making payments on your student loan in California. Depending on the type of loan you have, the grace period can range from 6 to 9 months. During this period, you are not required to make any payments on your loan. However, it is important to remember that interest will continue to accrue on your loan during the grace period and will likely increase the amount of your loan. Additionally, it is important to note that it is not possible to extend your grace period beyond the original timeframe set by your lender. If the loan is unsubsidized, then interest will begin to accrue during the grace period and you will be required to pay off the interest and the principal. If you have a subsidized loan from the federal government, then the government will pay off the interest during the grace period, however, you will be required to pay off the principal as soon as the grace period ends. The good news is that even though the grace period ends, there are several options that can help you manage your payments and avoid defaulting on your loan. These include loan consolidation, forbearance, deferment, and income-driven repayment plans. It is important that you explore these options to find the one that best fits your situation and financial needs.

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

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