 TITLE: What Is a Student Loan Grace Period? CONTENT: Is There a Grace Period for Federal Student Loans?\n--------------------------------------------------\nWhether there is a grace period on your federal student loan depends on the type of loan.\n*   **Direct loans: Six-month grace period.** These loans may be subsidized or unsubsidized, but the grace period is the same for both. Many students carry a combination of subsidized and unsubsidized direct loans.\n*   **Parent PLUS loans: No grace period.** PLUS loan funds go to parents and legal guardians to help finance their kids' college education. PLUS loans are always unsubsidized, so interest begins accruing right away. Although technically there is no grace period, the first payment is due within 60 days of the funds being disbursed. END