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

In Pennsylvania, there is a grace period for federal student loans after graduation before you have to start making payments. This grace period is typically six months, although it could be longer or shorter depending on when your student loan was disbursed and the loan type. During this grace period, you are not required to make payments on your loan and your interest will not begin accruing. However, it is important to know that this grace period is not automatic and can end early if you choose to make payments or consolidate your loan. Additionally, the grace period does not apply to private student loans, which typically require payments immediately after graduation. Although it is important to understand that the grace period could vary, this six-month timeframe should give you time to get your finances in order and prepare for loan repayment.

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

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