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The loan type that requires you to make payments while attending school is typically a private student loan. Unlike federal student loans, which often offer deferment options while enrolled, private loans may not provide the same flexibility and can require immediate repayment or interest payments while you are still in school. It’s important to review the specific terms of the loan before borrowing.

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5d ago

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Which loan type requires you to make loan payments while your attending school?

The loan type that requires you to make payments while attending school is typically the private student loan. Unlike federal student loans, which often offer deferment options while you're enrolled at least half-time, private loans usually do not have such provisions. Borrowers of private student loans may need to start making interest or principal payments immediately or shortly after disbursement. It's important to review the terms of the specific loan agreement to understand the payment requirements.


What is the difference between a fed direct sub Stafford loan and a fed direct unsub Stafford loan?

A sub, or subsidized, loan is when the school pays for the interest while you're attending school as a full time student. It's somewhat of a "no interest" loan, until you stop attending school. The unsub (unsubsidized) collects interest through your school year, and after, and is closer to your typical loan.


If you defer your student loan does it accrue interest while you are at school?

the deferment period is the period when the borrower makes no payments and the loan accrues no interest


Do you have to make payments on federal student loans while youre in school?

No, you typically do not have to make payments on federal student loans while you're in school, as long as you're enrolled at least half-time. Most federal student loans offer a deferment period during your studies, meaning payments are postponed until after graduation or when you drop below half-time enrollment. However, interest may continue to accrue on some loans, like unsubsidized loans, during this time.


A temporary postponement of payments or making smaller payments while interest is still accruing is called?

deferment

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