School loan question...

CAn someone tell me the diff between subsidized and unsubsidized??

I know one you pay back while going to school and the other after grad....which is which???

subsidized loans dont start accrewing intrest until after you graduate

unsubsidized loans start to accrew intrest immediately...

And actually I don't think you are always required to start paying subsidized loans while you are in school, but many people choose to pay the interest on them. If you don't, you end up paying interest on accruing interest, which can add up quickly.

Generally, you are approved for subsidized loans if you have a higher financial need for them, according to financial aid professionals. Unless things have changes since I graduated, you also have a 6 month grace period to begin paying back subsidized loans after you graduate, and can defer them without accruing interest if you become a full time student again.