Educational Loans offer a “grace period” where you don’t have to pay anything on your loans for six months. The grace period is designed to give you some breathing room to find a job before you start repayment. To know more visit : http://www.avanse.com/avanse-education-loans/

1. Educational Loans

2. Grace Period Is Coming to a Close for Class of 2015

3. › If you graduated this spring, you will likely have to begin
making regular payments on your student loans soon.
› Most student loans offer a “grace period” where you don’t
have to pay anything on your loans for six months. The grace
period is designed to give you some breathing room to find a
job before you start repayment. However, once that period is
over, you will have to start making regular payments. But
there are a few exceptions to extend your period:

4. › Back to school: If you reenrol in school at least half-
time before the end of your grace period, you usually
will receive the full six-month grace period when you
stop attending school or drop below half-time
enrolment.
› Active duty military: If you are called to active military
duty for more than 30 days before the end of your
grace period, you will receive the full six-month grace
period when you return from active duty.
› For many student loans, interest is still accruing during
your grace period.

5. › Interest accruing during the grace period means that it
is over, you will have a larger loan balance than before
the period. Typically, lenders, including Common Bond,
will allow you to make payments during your grace
period if you want to help reduce the added cost of that
extra interest.
› Considering refinancing your student loans to a lower
interest rate? Some lenders, including Common Bond,
will allow you to refinance your student loan to a lower
interest rate during the grace period, while still
honouring the period by not requiring you make a
payment until it is over.

6. So what should you do when your grace period
expires?
› First, gather all the basics on all your student loans: How
many of your Educational Loans will enter repayment and
when, your account numbers, your current monthly payment
schedule and your loan servicer’s contact information. You’ll
need this information to start making payments to your
current lender.

7. › Second, answer these five simple questions to pick the right
refinancing and consolidation student loan for you.
› Still have questions? Visit on :
http://www.avanse.com/avanse-education-loans/
› Remember, the end of your grace period doesn’t mean you
can’t start shedding your student debt gracefully.
› Source : https://commonbond.co/blog/grace-period-is-
coming-to-a-close-for-class-of-2015/

8. https://www.facebook.com/AvanseEducationLoan
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services
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9. Read more on Education Loan :
http://www.avanse.com/avanse-education-loans/