What's The Difference Between Subsidized and Unsubsidized Loan?

Discussion in 'Off Topic' started by LeonTrotsky, Feb 28, 2012.

  1. LeonTrotsky Well-Known Member

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    I just got a financial aid report from one of the colleges I applied to. It said I was eligible for subsidized and unsubsidized loans. This not being my field of expertise, I kinda need to know the difference. Help?
    LeonTrotsky, Feb 28, 2012
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  2. slydessertfox Total War Branch Head

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    slydessertfox, Feb 28, 2012
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  3. Vassilli1942 Well-Known Member

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    Subsidized loans: are awarded on the basis of financial need. You won't be charged any interest before you begin repaying the loan because the federal government subsidizes the interest during this time.
    Unsubsidized loans: charge interest from the time the money is first disbursed until it is paid in full. The interest is capitalized, meaning that you pay interest on any interest that has already accrued. One way to minimize how much interest accrues is to pay the interest as it accumulates.
    Vassilli1942, Feb 28, 2012
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  4. Demondaze Xenos Scum

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    I imagine one involves lubricated buttsex and the other being sodomized with a cheese grater?
    Demondaze, Feb 28, 2012
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  5. Romulus211 Proconsul

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    If your low income go Subsidy.
    Romulus211, Feb 29, 2012
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  6. pedro3131 Running the Show While the Big Guy's Gone

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    Everyone's right but Demon... Personally I'm on both because college is $
    pedro3131, Feb 29, 2012
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  7. Demondaze Xenos Scum

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    Wouldn't be the first time.
    Demondaze, Feb 29, 2012
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  8. greatmustachio Mount & Blade Branch Head

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    Gotta love that my education was free....
    greatmustachio, Feb 29, 2012
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  9. slydessertfox Total War Branch Head

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    Lucky son of a bitch.
    slydessertfox, Feb 29, 2012
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  10. 0bserver92 Grand King of Moderation

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    It I go where I'll have an almost free education.
    0bserver92, Feb 29, 2012
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  11. slydessertfox Total War Branch Head

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    ?
    slydessertfox, Feb 29, 2012
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  12. 0bserver92 Grand King of Moderation

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    University of Hong Kong.
    0bserver92, Feb 29, 2012
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