I am at the very end of the grace period since I graduated, and will owe a total of $ 47,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized). (getoutofdebt.org)
If you select this option, you won't have to begin making payments on your new Direct Consolidation Loan until closer to the end of the grace period on your current loans. (studentaid.ed.gov)
As long as you pay your premium before the end of the grace period, your policy will remain in force with no penalty. (irs.com)