Answers:
sub the govt pays the interest on the loan while in school, grace period, and during certain times of deferment when you enter repayment.
unsub the govt does not pay the interest on the loan and it will accrue during the life of the loan. Although you do not have to make payments on that interest while in school it is good if you can while in school if you can afford it because it will get added to the principal balance on the loan increasing your payments.
With a subsidized Stafford loan, the government pays interest on the loan until you graduate from college.
With an unsubsidized Stafford loan you have to pay the interest on the loan from the beginning.
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Great question! Even though they're both government loans, there is a difference between the two.
Subsidized Stafford Loans are given to students who have financial need. They have low interest rates, and the government will pay the interest for them as long as you stay in school. Find out more here:
http://www.studentfinancedomain.com/stud...
Unsubsidized Stafford Loans are given to offered to any student, regardless of financial need. The government will not pay off the interest, so you need to be prepared to pay them back after college. Here's more:
http://www.studentfinancedomain.com/stud...
Hope this helps!
Even though they're both government loans, there is a difference between the two.
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