What's The Difference Between Subsidized and Unsubsidized Loan?

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

  1. LeonTrotsky Well-Known Member

    Member Since:
    Feb 16, 2011
    Message Count:
    1,816
    Likes Received:
    321
    Trophy Points:
    133
    Location:
    Pennsylvania
    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
    #1

  2. slydessertfox Total War Branch Head

    Member Since:
    Feb 15, 2011
    Message Count:
    11,853
    Likes Received:
    1,425
    Trophy Points:
    373
    Location:
    Mars
    slydessertfox, Feb 28, 2012
    #2

  3. Vassilli1942 Well-Known Member

    Member Since:
    Sep 4, 2011
    Message Count:
    2,042
    Likes Received:
    509
    Trophy Points:
    143
    Location:
    Long Island, NY USA
    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
    #3

  4. Demondaze Xenos Scum

    Member Since:
    Feb 14, 2011
    Message Count:
    5,456
    Likes Received:
    925
    Trophy Points:
    183
    Location:
    TEXASLOL
    I imagine one involves lubricated buttsex and the other being sodomized with a cheese grater?
    Demondaze, Feb 28, 2012
    #4

  5. Romulus211 Proconsul

    Member Since:
    Feb 16, 2011
    Message Count:
    10,153
    Likes Received:
    1,259
    Trophy Points:
    473
    Location:
    Los angeles, California, U.S.A.
    If your low income go Subsidy.
    Romulus211, Feb 29, 2012
    #5

  6. pedro3131 Running the Show While the Big Guy's Gone

    Member Since:
    Feb 13, 2011
    Message Count:
    3,949
    Likes Received:
    633
    Trophy Points:
    183
    Location:
    Tempe, Az
    Everyone's right but Demon... Personally I'm on both because college is $
    pedro3131, Feb 29, 2012
    #6

  7. Demondaze Xenos Scum

    Member Since:
    Feb 14, 2011
    Message Count:
    5,456
    Likes Received:
    925
    Trophy Points:
    183
    Location:
    TEXASLOL
    Wouldn't be the first time.
    Demondaze, Feb 29, 2012
    #7

  8. greatmustachio Mount & Blade Branch Head

    Member Since:
    Jul 2, 2011
    Message Count:
    752
    Likes Received:
    205
    Trophy Points:
    83
    Location:
    Germany
    Gotta love that my education was free....
    greatmustachio, Feb 29, 2012
    #8

  9. slydessertfox Total War Branch Head

    Member Since:
    Feb 15, 2011
    Message Count:
    11,853
    Likes Received:
    1,425
    Trophy Points:
    373
    Location:
    Mars
    Lucky son of a bitch.
    slydessertfox, Feb 29, 2012
    #9

  10. 0bserver92 Grand King of Moderation

    Member Since:
    Feb 13, 2011
    Message Count:
    6,746
    Likes Received:
    331
    Trophy Points:
    143
    Location:
    Canada
    It I go where I'll have an almost free education.
    0bserver92, Feb 29, 2012
    #10

  11. slydessertfox Total War Branch Head

    Member Since:
    Feb 15, 2011
    Message Count:
    11,853
    Likes Received:
    1,425
    Trophy Points:
    373
    Location:
    Mars
    ?
    slydessertfox, Feb 29, 2012
    #11

  12. 0bserver92 Grand King of Moderation

    Member Since:
    Feb 13, 2011
    Message Count:
    6,746
    Likes Received:
    331
    Trophy Points:
    143
    Location:
    Canada
    University of Hong Kong.
    0bserver92, Feb 29, 2012
    #12
    slydessertfox likes this.

Share This Page

Facebook: