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What is the difference between unsubsidized and subsidized student loans? |
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Answer
Subsidized means it is need-based and therefore the govenment pays the interest while you are in school, during a six-month grace period after graduation or otherwise separating from school, and during authorized deferment. Unsubsidized is not need-based and therefore the government charges you interest starting from your first receipt of money.
First answer by Gewanda. Last edit by SallieMae. Contributor trust: 0 [recommend contributor]. Question popularity: 214 [recommend question]
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