Your Grace Period Is Ending—Now What?
College graduation can be a wild time. You go from juggling your last term papers and final exams (and graduation parties) to managing a career, often in mere months.
This period may be one of the most glorious—and confusing—transitions in your life. There is so much to learn about being an adult, especially in regards to managing your money. And learning this stuff is not an overnight process.
For many college grads, a good first step to successful money management is understanding student loans—including a loan’s grace period. If you have federal student loans, you may even be in your student loan grace period now.
For those of you that graduated in the spring, student loan grace periods may soon be coming to an end. It’s important to start there: What is a student loan grace period? And what happens when that student loan grace period ends?
Here are some tips for managing your student loans for the first time, including ideas on how to make payments once your student loan grace period is over.
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