Grace period Close
For credit cards, the grace period is the number of days a card company allows you to pay for a charge without paying interest. If you do not pay during the grace period, you will begin to pay interest. Most card companies in the U.S. have a grace period of 30 days. For student loans, grace period is the number of months after you graduate or leave school that the lender allows you to defer loan payments. When the grace period ends, you must begin to repay the loan.