When should you let loan companies you graduated?

I graduated this May and when I checked my student loan accounts I saw that the loan companies have my expected date of graduation in the fall of 2012. They say I don't have to start paying my loans until 2013 (after 6 months of grace period). I think that I have to let them know I have graduated already but what happens if I don't let them know? Are there any penalties or I just get a free year and a half of a grace period? Let's say In 2012 they find out I have graduated in 2011. Can they immediately put my loan in default with out any notice?

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