What is a grace period for student loans?

Student loans are great financial tools for people who can’t afford to pay for their education outright. As the price of education is increasing, more and more people are finding themselves taking out student loans to cover the costs. Even though student loans can be useful, the interest rates might make them difficult to pay back. That’s where a grace period comes in. It’s not easy for students to get a job as soon as they graduate. They might need some time to save up money and get on their…

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