Is there interest on unsubsidized student loans?

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Lisandro Boyle asked a question: Is there interest on unsubsidized student loans?
Asked By: Lisandro Boyle
Date created: Mon, May 10, 2021 6:50 AM
Date updated: Sat, Nov 26, 2022 10:05 AM

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Video answer: Understanding the subsidized & unsubsidized federal direct…

Understanding the subsidized & unsubsidized federal direct…

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However, unpaid interest can accrue under certain circumstances. For example, you are not required to make monthly payments during a period of deferment, but if you have an unsubsidized loan, interest continues to accrue during the deferment period, and you are responsible for paying the interest.

Video answer: The difference between subsidized and unsubsidized…

The difference between subsidized and unsubsidized…

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Unsubsidized: Loan payments are not due in the first six months after you leave school, but interest will continue to build. It will then capitalize, meaning it’s added to the original amount...

Interest accrues on unsubsidized loans while you are attending school, during the grace period and during deferment. If you do not pay the accrued interest before you must start paying back the loan, that interest gets added to the loan's total.

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Video answer: Subsidized v. unsubsidized student loans; the important

Subsidized v. unsubsidized student loans; the important