Good news – Plumeria loans are set up for your success with two different kinds of grace periods!
The initial grace period for student loans is a stretch of time after you’ve graduated or left school when you are not required to make payments. For Plumeria loans, the initial grace period is generally 60 days, but that time can vary, depending on factors like whether you were in school full-time or part-time.
A late payment grace period is a specific length of time after your payment due date. If you make your payment during this grace period, you can avoid late fees and negative credit reporting. Plumeria loans have a grace period of 15 days for late fees and 30 days for negative credit reporting.