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

Yes, there is a grace period after graduation in New Hampshire for student loan payments. The grace period is six months after the last date of enrollment, and it starts the day after you graduate. During this grace period, you are not required to make any payments towards your student loans and you will not be charged any interest. It is important to make use of this grace period so you can plan for your student loan payments going forward. During this time, you can assess your financial situation and make a budget that will allow you to make regular payments on your loans. If you have loans from multiple lenders, it is also important to understand your repayment options for each of them. It is also important to note that your loan servicers and lenders might have different policies regarding grace periods. It is always a good idea to contact your loan servicers to understand the terms of your loan and what your grace period is. It is paramount that, during this grace period, you stay on top of your loan repayments. This grace period gives you enough time to assess your student loan situation and prepare for payment. This will help you stay on top of your loan payments and avoid any delinquency or default on your loans.

Related FAQs

Are there any federal grants available to help cover educational costs?
How do I repay my student loans?
Are there any second chance student loan programs?
Are student loan interest rates fixed or variable?
Are there any special programs or incentives to help me pay off my student loans?
Are there any special programs for students with disabilities?
Are there any government programs to help reduce student loan debt?
Are there any programs to help those in public service with student loan repayment?
Are there any special grants or scholarships for student loan repayments?
Are there any grants or scholarships for students attending community college?

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

Related FAQs

Related Blog Posts