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What is the difference between the two types of loans?

April 26, 2017Loans types

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What is the difference between the two types of loans?

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A. The Subsidized Federal Stafford Loan is awarded on the basis of need according to federal eligibility standards. Interest on this loan does not accrue while the student remains in school. If the total costs of education are not met by other forms of financial aid, any student regardless of need can qualify for an Unsubsidized Federal Stafford Loan accrues while the student attends school.