For a subsidized loan, the U.S. Department of Education pays interest while an undergraduate is in school. There is a sixth month grace period to begin the repayment process after the student graduates. On the other side, unsubsidized loans are for both undergraduate and graduate students. The student does not need to demonstrate financial need and the student needs to pay back with interest. In order to receive an unsubsidized federal loan, you must be at least a part-time student.
Articles in this section
- Can I file FAFSA without a SSN?
- What is a tax credit?
- What year of tax returns does the government require?
- What states have FAFSA approved CTP?
- What is CTP?
- Can I qualify for financial aid if I have an intellectual disability?
- How do I get aid if I am an international student that doesn’t qualify for federal aid?
- Are international students eligible to apply for financial aid through FAFSA?
- Is it possible for a student to lose their financial aid?
- How can I find a scholarship?