Federal Subsidized Stafford Loans: Need-based loans open to undergraduate and graduate pupils enrolled at least half-time. Interest will not accrue regarding the loan although the pupil is enrolled at minimum half-time in a degree-seeking system as well as for half a year thereafter, of which time payment regarding the principal and interest must start. Re re Payment is delayed if the learning student comes back to college.
Federal Unsubsidized Stafford Loans: Non-need-based loans open to undergraduate and graduate pupils enrolled at least half-time. Interest does accrue regarding the loan. Continue reading What’s the distinction between unsubsidized and subsidized Stafford loans?