I have a problem if I don't pay on time they increased my interest rate. What is the grace period for federal student loans?
For federal student loans the grace period is after you graduate, leave school, or drop below half-time, you would have a six month grace period and sometimes 9 months for Perkins Loans.
I'd like to ask you another question about Get More Info About This Plan. ED does not own my FFEL Program loan. What should I do if I need more information?
Since your loan is not owned by ED, you will need to contact your lender.