Here are the terms you should know about the status of your student loan(s). In-School When you’re still in college as a full-time student (or half-time or part-time as defined by your school). Grace The time after graduation when you are not required to start repaying your loan. For Stafford Loans, this is six months; [...]

College is great but it is also expensive. It is very important for you to be fully aware of all the options you have to control costs. For many, failure to understand how student loans work can lead to significant unanticipated costs. A college degree can result in a career path that increases your lifetime [...]