i need help with student loans?!!?
im looking at getting a STAFFORD loan for graduate school. i paid cash for undergrad but am outta $$$. my question:
does this interest start accruing from day1 or from the first payment (6mos after grad) ??
Top 4 Answers
Favorite Answer
If they are subsidized, then the US government pays the interest while you are in school and still in deferment.
If they are unsubsidized then you are responsible for the interest that accrues.
Either way there is interest.
0
Actually, both. It starts accruing from day 1 if you have UNSUBSIDIZED Stafford Loans. It starts accruing from the first payment if you have SUBSIDIZED Stafford Loans.
Even unsubsidized loans have no payments due until 6 months after graduation, but the interest accrues and is added to your outstanding balance.
2
stafford’s start accruing interest after the grace period when you finish school or drop below full time–9 credits per semester for graduates.
0
Ask your parents I’m sure they have some money to help you pay for collage.
0
