Most student loans have a six-month grace period, which means you wonât have to make payments until six months after you graduate, drop out or drop below half-time status. The grace period is meant to give you a chance to find a job and begin earning an income before youâre swamped with bills.
First Party Claims vs. Third Party Claims. There are two types of insurance claims: first party claims and third party claims. While a first party claim is one you file with your own insurance company, a third party claim is one you file with the insurance provider of another person or business.
You may be eligible to claim the credit if the following is true: 1  You have earned income. 2  You, your spouse (if youâre married) and any qualifying children have a Social Security Number (SSN) 3  Your filing status is married filing jointly, head of household, qualifying widow(er) or single.