How does subsidized student loan interest work?
Tuesday, March 24th, 2009biggishhenn asked:
I will be taking out a subsidized loan for the first time, and had a question about the interest. If I take out $2,000 at 5% interest and it is deferred until after graduation, is the interest applied right away or does it start accumulating after graduation? And if I pay off the loan before graduating, do I pay any interest?
Luis
I will be taking out a subsidized loan for the first time, and had a question about the interest. If I take out $2,000 at 5% interest and it is deferred until after graduation, is the interest applied right away or does it start accumulating after graduation? And if I pay off the loan before graduating, do I pay any interest?
Luis
