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What is the difference between Subsidized, Unsubsidized, and Perkins Loans?

April 26, 2017difference Loans Perkins Subsidized Unsubsidized

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What is the difference between Subsidized, Unsubsidized, and Perkins Loans?

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• Federal Subsidized Loans are need based and do not accrue interest until a student graduates. • Federal Unsubsidized Loans are not need based and have interest added to a loan’s principal balance while a student is in school. • Perkins Loans are need based, do not accrue interest until a student graduates, and at UM-Flint are typically only awarded to freshmen.