When referring to student loans, what is a grace period?
I need help understanding the benefits of taking a student loan with a grace period. I wanted to pursue a Master’s degree but my parents won’t finance it. So I have decided to take out a student loan. When I was looking for education loans on Google, I came across names like Stafford Loans and PLUS loans. It’s mentioned that the Stafford Loan offers a grace period of six months while the PLUS loan does not allow any grace period. When referring to student loans, what is a grace period? Is it helpful in paying back student loans? What does ‘defer student loans’ mean?
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