The Wretched Refuse of Your Teeming Shores. Take a close look at those refugees who are fleeing the war-torn Middle East and trying desperately to save their lives by escaping to Europe. Look at their faces. Examine their clothing.
Definition of grace period. : a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation.
1 This nine-month period is known as the grace period. 2  At the end of the grace period, you begin repayment and are allowed up to 10 years to repay the loan in full.  The monthly repayment amount is based on the size of the borrowerâs debt and the length of the repayment period.