Question

When referring to student loans, what is a grace period? AThe time period between graduating college and starting your first job when you don’t have to pay back student loans BThe period after graduating or leaving school before you must begin paying back student loans CThe amount of time you have to pay back your entire student loan amount DNone of the above

Answer 1

i would have to go with C. because usually A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date. During this period, no late fees are charged, and the late payment does not result in default or cancellation of the loan.