Subsidized and unsubsidized student loans?

im in college and i applied for my student loans and it has two different amounts one for subsidized and unsubsidized i have no idea what the difference between subsidized and unsubsidized loans are....could someone possible explain it to me?

9 Answers

  • Subsidized loans have a lower interest rate, and the government pays the interest while you're in school.

    Unsubsidized loans start accruing interest immediately, and you can either pay the monthly interest, or defer it all until after your grace period. Basically, you may take out $10,000 in unsubsidized loans over 4 years, but then instead of paying back $10,000; you may already owe $12,500 because the interest has continued to accumulate.

    Subsidized is only offered to those with extreme financial need -- they are the best option, but there is a maximum to how much you can receive in subsidized.

  • 1

  • Subsidized means the government is subsidizing the interest payments while you are in school. You don't start racking up interest charges until after you stop going to school.

    Unsubsidized means the loan starts accruing interest the day you accept it. So when you graduate, you owe more than you were given, due to the accrued interest payments.

    So if you need the loans, take the subsidized loans first!

    If you still need more aid, then take the unsubsidized loans.

    Also, you don't need to accept the full amount of a loan. You can accept part of it. (For instance, you can take all of the subsidized loan, but only accept half the unsubsidized loan).

    Talk to a financial aid advisor at your school Who, by the by, was supposed to explain this to you when you got your financial aid package.You school MUST explain the financial aid package to you - they are REQUIRED TO BY FEDERAL LAW!

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    RE Subsidized and unsubsidized student loans?

    im in college and i applied for my student loans and it has two different amounts one for subsidized and unsubsidized i have no idea what the difference between subsidized and unsubsidized loans are....could someone possible explain it to me?

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  • Hey,

    Subsidized should be always the first choice, here you can find if you qualify for a subsidized student loan: http://studentloanfaq.co/Criterias-Subsidized-Stud...

    Good luck and meet you on the campus

    Jan

  • Subsidized is for tuition and books - no interest is charged. The gov't pays the interest and you pay the principal of loan borrowed for the tuition and books.

    UnSubsidized: the federal gov't doesn't pay interest on this loan

    Google on the internet; information can better explain the difference.

    Google: Subsidized and unsubsidized loans.

  • Good question, hope you find your answer

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