This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

Extend the student loan grace period from 6 months to 24-36 months.

Created by I.F. on May 16, 2012

When students graduate, they have a 6 month grace period until they have to start paying back their student loans. Due to the lack of jobs and the level of debt that students graduate with; I propose that the government extend this grace period from 6 months to 24 or 36 months. This would allow students to take on unpaid internships, volunteer, and work paying jobs that are not within their field which are of lower wages (e.g. restaurant work.) This woud allow them to gain skills from internships/volunteering which help them better compete for a job within their field, while working outside their field, they could start paying down other debts and saving to live on their own.

Education
Return to top