LOANS...

3 replies · 1451 views · Started by HU 4Eva Baby · Jul 2005
Are loans such as the Perkins and Subsidized are to be paid when you graduate or while you're in school?
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· Jul 2005
#1 Reply
wen u graduate. subsidized loans means that the gov't covers the interest for u while ur in college. unsubs....ur basically screwed cuz u have interest while ur in school and when u get out. but if u wanted to pay interest, or pay off the whole loan i think u can. contact ur fin-aid office
· Jul 2005
#2 Reply
HypnotiqSecrecyz wrote:
wen u graduate. subsidized loans means that the gov't covers the interest for u while ur in college. unsubs....ur basically screwed cuz u have interest while ur in school and when u get out. but if u wanted to pay interest, or pay off the whole loan i think u can. contact ur fin-aid office
Yup, you can choose to pay the interest on any of the loans while you're in school if you're able to, but most students just get them deferred until after graduation. The grace period is about 6 months for all of the federal student loans.
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