Thursday, December 15, 2011

What type of federal student loan is better to have: subsidized or unsubsidized?

With subsidized loans they are on a need basis and the government pays the interest while your in school. For unsubsidized loans they are available to anyone and the interest will start to build up from day 1 (but you pay the interest yourself while still in school if you want). So in reality a subsidized loan will be cheaper but not everyone can qualify for them.

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