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.
Note that for most loans, interest will accrue during your grace period. 1  Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans have a six-month grace period before payments are due. 2  PLUS loans have no grace period.