Student Loans
QWhat Is The Difference Between Subsidized And Unsubsidized Stafford Loans?
AThere are two types of Stafford Loans available: 1. Subsidized loans are need-based. The federal government pays the interest on the loan while the student is in school, during the six-month grace period before repayment begins, and during periods of approved deferment. The federal government determines your eligibility for a subsidized loan based on the information you provide on your FAFSA. 2. Unsubsidized loans are available to all eligible students regardless of need. Students pay all of the interest that accrues during school and during approved deferments.