0
What else can I help you with?
What is the difference between a Perkins Loan that is subsidized and one that is unsubsidized?
The main difference between a subsidized Perkins Loan and an unsubsidized Perkins Loan is that with a subsidized loan, the government pays the interest while the borrower is in school, during the grace period, and during deferment periods. With an unsubsidized loan, the borrower is responsible for paying all of the interest that accrues on the loan.
What are the differences between a Federal Perkins Loan and a Direct Subsidized Loan?
The main difference between a Federal Perkins Loan and a Direct Subsidized Loan is the entity that provides the loan. The Federal Perkins Loan is offered by the school itself, while the Direct Subsidized Loan is provided by the federal government. Additionally, the interest on a Direct Subsidized Loan is paid by the government while the borrower is in school, whereas interest on a Perkins Loan begins accruing immediately.
If loan is unsubsidized interest is paid by the federal government while you are in school in grace and during periods of deferment?
you are thinking of a subsidized loan. If unsubsidized, the interest acrues at all times.
What is the grace period offered by Direct Subsidized, Direct Unsubsidized, and Perkins loans before repayment begins?
The grace period for Direct Subsidized and Direct Unsubsidized loans is typically 6 months after graduation or leaving school before repayment begins. Perkins loans also have a 9-month grace period before repayment starts.
Can a judgment affect your student loan?
if you are the student trying to get a Stafford, Perkins subsidized or unsubsidized loan no, but parents trying to get a parent plus loan it will because these types of loans are credit based loans. if you are trying to get a personal loan from a lending institution ie. wachovia, Sallie Mae etc. then yes a judgment will affect you.
What is the difference between a Perkins Loan that is subsidized and one that is unsubsidized?
The main difference between a subsidized Perkins Loan and an unsubsidized Perkins Loan is that with a subsidized loan, the government pays the interest while the borrower is in school, during the grace period, and during deferment periods. With an unsubsidized loan, the borrower is responsible for paying all of the interest that accrues on the loan.
An unsubsidized loan is always more expensive than a subsidized loan?
YES! Because interest accrues on an unsubsidized loan during periods when it doesn't accrue on a subsidized loan, the total cost of an unsubsidized loan is always greater than that for a subsidized loan of the same amount.
What is the highest interest rate on a Direct Subsidized or unsubsidized loan?
From the first disbursement of the loan
Is it better to get subsidized or unsubsidized loans?
Subsidized means it is need-based and therefore the govenment pays the interest while you are in school, during a six-month grace period after graduation or otherwise separating from school, and during authorized deferment. Unsubsidized is not need-based and therefore the government charges you interest starting from your first receipt of money.
An unsubsidized loan is always more expensive than a subsidized loan of the same amount?
gh
What are the differences between a Federal Perkins Loan and a Direct Subsidized Loan?
The main difference between a Federal Perkins Loan and a Direct Subsidized Loan is the entity that provides the loan. The Federal Perkins Loan is offered by the school itself, while the Direct Subsidized Loan is provided by the federal government. Additionally, the interest on a Direct Subsidized Loan is paid by the government while the borrower is in school, whereas interest on a Perkins Loan begins accruing immediately.
If loan is unsubsidized interest is paid by the federal government while you are in school in grace and during periods of deferment?
you are thinking of a subsidized loan. If unsubsidized, the interest acrues at all times.
What is the grace period offered by Direct Subsidized, Direct Unsubsidized, and Perkins loans before repayment begins?
The grace period for Direct Subsidized and Direct Unsubsidized loans is typically 6 months after graduation or leaving school before repayment begins. Perkins loans also have a 9-month grace period before repayment starts.
Can a judgment affect your student loan?
if you are the student trying to get a Stafford, Perkins subsidized or unsubsidized loan no, but parents trying to get a parent plus loan it will because these types of loans are credit based loans. if you are trying to get a personal loan from a lending institution ie. wachovia, Sallie Mae etc. then yes a judgment will affect you.
If you have filled out a FAFSA does it automatically apply you for a Perkins loan?
Filling out the FAFSA (Free Application for Federal Student Aid) does not automatically apply you for a Perkins Loan, as the Perkins Loan program was discontinued in 2017. However, the FAFSA is used to determine your eligibility for other federal financial aid programs, including Direct Subsidized and Unsubsidized Loans. If you are interested in a Perkins Loan, you would need to check with your school's financial aid office to see if they have any remaining funds or similar alternatives available.
What is unsubsidizes loan?
The difference between subsidized and unsubsidized student loans is the interest. On subsidized loans you don't have to pay the interest and it does not build up over the life of your loans.
What is are unsubsidized loans?
The difference between subsidized and unsubsidized student loans is the interest. On subsidized loans you don't have to pay the interest and it does not build up over the life of your loans.
