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.
The following types of loans have six-month grace periods: 1  Direct Subsidized/Unsubsidized Loans. 2  Subsidized/Unsubsidized Federal Stafford Loans. 3  Some private student loans.