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Plan for the Grace Period and Your First Payment

Once you leave school, you're going to be faced with the reality of student loan repayment.  For many loans, your lender will let you first go through a grace period in which you are not required to make any payments, thus letting you get settled into your new job and home for several months before being burdened with your first payment.  In these last few months of your academic program, make sure to take a little time to plan for this grace period and the subsequent repayment you're going to have to make.

The 4 subtasks of planning for grace and repayment:

• Subtask 4-A:  Prepare For and Participate in Your Exit Interview
• Subtask 4-B:  Familiarize Yourself with the Grace Period
• Subtask 4-C:  Identify Your Student Loan Servicer
• Subtask 4-D:  Determine Your First Payment Logistics