Whats the difference between a subsidized loan and an unsubsidized loan?
With a subsidized loan, the government defers the interest for as long as you are enrolled at least half time. There is no payment required until six months after graduating or dropping below half time. An unsubsidized loan accrues interest immediately. You will receive a statement from the Federal government stating the interest charged. You will have the option of making payments on the interest or deferring.
