Ella Said:

If I made $25,000 last year, can I still get Subsidized & Unsubsidized Federal Student loans?

We Answered:

Everyone qualifies for the full amount of unsubsidized federal student loans if they complete the fafsa. However, subsidized are given to those students with financial need. There's no way to determine what you will qualify for because the formula to determine the EFC is based on a number of factors.

Larry Said:

Subsidized and unsubsidized student loans?

We Answered:

Subsidized loans have a lower interest rate, and the government pays the interest while you're in school.

Unsubsidized loans start accruing interest immediately, and you can either pay the monthly interest, or defer it all until after your grace period. Basically, you may take out $10,000 in unsubsidized loans over 4 years, but then instead of paying back $10,000; you may already owe $12,500 because the interest has continued to accumulate.

Subsidized is only offered to those with extreme financial need -- they are the best option, but there is a maximum to how much you can receive in subsidized.

Tamara Said:

What is the difference between subsidized and unsubsidized student loans?

We Answered:

On subsidized loans the government pays the interest while you are in school or in a deferment (it will just look like no interest accrues). Unsubsidized loans interest accrues from the day you take out the loan until the day it is paid off. If you qualify they will offer you subsidized first and then unsubsidized will cover the difference (although not always the full amount of the difference). It is better to pay off the accrued interest while you are in school because if you don't then it will capitalize (or be put onto the principle balance) when you finish up and you will be paying more money in the long run.

Cory Said:

Questions about federal unsubsidized student loans?

We Answered:

Any undergraduate or graduate student can get a student loan. Only need based students can get the subsidized loans. Any student no matter the financial situation or the credit can get a unsubsidized loan. Student loas are not credit based loans, so your credit score doesn't even matter.

Jimmy Said:

1098-E on interest for deferred, unsubsidized student loans?

We Answered:

if you didn't pay any interest, you won't a 1098 and you can only deduct interest that you PAY

they DO accrue interest, but if you aren't paying it, you can't deduct it