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What is sub and unsub on college loans?

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Answered 2011-08-18 19:12:15

Subsidized and unsubsidized is what the terms "sub" and "unsub" mean on college loan applications.

Specifically, the terms describe the underlying reason for the loan. For example, the subsidized loan draws on federal money that is set aside for financially needy students. It is based on need and therefore has self-imposed limits depending upon the difference between the student's own resources or scholarship coverage and the total educational costs to be covered. In contrast, the unsubsidized loan is made available to students who are not applying because of financial need.

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