A length of time during which rules or penalties do not take effect or are withheld
The fees begin to accrue after a one-month grace period.
The period after the payment due date during which the borrower can pay without being hit for late fees
A period of time after the payment due date during which a penalty for late payment is not assessed
A period of time following the student's graduation during which the borrower is not required to begin repaying his or her student loans The grace period may also begin if the student leaves school for a reason other than graduation or drops below half-time enrollment Depending on the type of loan, grace periods are usually six months (Stafford Loans) or nine months (Perkins Loans)
Period of time during which a loan payment may be made after its due date without incurring a late penalty
period of time in which the performance of a functionary is not evaluated, temporary immunity; extension of deadline to meet an obligation
Period of time that begins when a loan recipient ceases to be at least half-time and ends when the repayment period starts Loan principal need not be paid, and generally, interest does not accrue during this period
A period of 30 days after the due date, during which a premium may be paid without penalty and keep the policy from lapsing
A period of time after a premium due date, usually 30 or 31 days, during which an insurance policy remains in force and the overdue premium may be paid without penalty
A period after the premium due date, during which an overdue premium may be paid without penalty The policy remains in force throughout this period
The period between the time a borrower leaves school or drops below half-time status and the time he/she is obligated to begin repaying his/her loan(s) The grace period is usually six or nine months, depending on the type of loan
An amount of time allowed before principal repayment of a loan must begin after a student graduates, leaves school or drops below half-time status No payments on your student loans are required during this time Details of your grace period are specified in your promissory note and are not available for all loans Grants: A form of financial aid, similar to scholarships, that do not have to be repaid Gross Income: Your income before taxes and deductions Guarantee/Insurance Fee: A sum charged by the guaranty agency to insure a loan The guarantee fee (sometimes called an insurance fee) is deducted from the principal amount of your loan and paid by your lender to the guaranty agency Guaranty Agency: A state or non-profit organization, which has an agreement with the Secretary of Education under the Higher Education Act to insure student loans made by lenders
The period of time that begins when a loan recipient ceases to be at least half-time and ends when the repayment period begins During the grace period interest does not accrue on the loan In addition, no principal payments on the loan principal are required during the grace period
Period of time after the due date of a premium during which the policy remains in force without penalty
The period of time, generally 20 to 25 days, from the billing date of your last credit card bill to the due date of your current bill, when you can pay in full without being charged interest Some cards do not offer a grace period Others only have a grace period if there was no outstanding balance on the account at the start of the billing cycle Generally, there is no grace period for cash advances
Specified period of time after the borrower graduates or leaves school during which he or she isn't required to make principal payments
The 31-day period immediately following the due date of all premiums except the first The policy will continue in force during the grace period If a premium is not paid by the end of its grace period, all coverage will end as of the premium due date
A period (usually 31 days) after the premium due date, during which an overdue premium may be paid without penalty The policy remains in force throughout this period
A period (usually 30 or 31 days) following each insurance premium due date, other than the first due date, during which an overdue premium may be paid All provisions of the policy remain in force throughout this period
The period of time following the premium due date (after the first due date) during which the insurance remains at full benefit and payment of the premium may be made