
SUBSIDIZED and UNSUBSIDIZED FEDERAL STAFFORD LOAN Form
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People also ask
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Should I accept a subsidized or unsubsidized loan?
Subsidized loans don't generally start accruing (accumulating) interest until you leave school (or drop below half-time enrollment), so accept a subsidized loan before an unsubsidized loan.
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Does a federal subsidized Stafford Loan need to be repaid?
After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you'll receive repayment information from your loan servicer, and you'll be notified of your first payment due date.
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Do you have to pay back subsidized Stafford loans?
Federal student loans can be subsidized or unsubsidized. A student's eligibility for subsidized loans is based on financial need. Although both types of loans have to be paid back with interest, the government makes some of the interest payments on subsidized loans.
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Are Stafford loans good or bad?
All in all, Stafford loans were the safest, most affordable student loans out there, but there were a few disadvantages: You had to fill out FAFSA forms and demonstrate financial need to receive subsidized Stafford loans. Subsidized Stafford loans were not available to graduate students.
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Are stafford student loans eligible for forgiveness?
Subsidized and unsubsidized Stafford loans may be eligible for forgiveness under certain conditions. Key forgiveness programs include Public Service Loan Forgiveness (PSLF) and Teacher Loan Forgiveness.
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Should I accept a subsidized or unsubsidized loan?
Subsidized loans don't generally start accruing (accumulating) interest until you leave school (or drop below half-time enrollment), so accept a subsidized loan before an unsubsidized loan.
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Which is better, a subsidized or unsubsidized Stafford Loan?
Subsidized is strictly better than unsubsidized. The government pays the interest for subsidized loans while you are in school.
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What are Stafford subsidized and unsubsidized loans?
Stafford loans are a type of federal student loan that are either subsidized, meaning the government pays the interest while you're in school, or unsubsidized, meaning you pay all the interest. Stafford loans are a type of loan issued under the Federal Family Education Loan Program (FFELP).
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