Don't take the grace period! Start paying off debt immediately.
Although you might be tempted by the six-month grace period for paying off your student loans, don't do it! Federal student loans allow you to wait until November to start paying off that debt (if you graduate in May), but the best thing to do is to begin chipping away at loans immediately. As Schuman explains, "Taking advantage of the grace period increases the likelihood that you'll absorb what you'll be paying on your loans into your lifestyle and make it more difficult for you to start paying off your loans when the grace period is over."