A few days ago
what is the difference between a sub and unsub loan?
I was offered a sub and unsub loan for college, what is the difference between both? Which one is better? and should I even take out the loan?
Top 0 Answers
A few days ago
Favorite Answer
The major difference between the two is that the government will pay your interest for your Subsidized Stafford Loan as long as you stay enrolled in school. You have to pay your own interest for the Unsubsidized Stafford Loan. You can find out more about the Subsidized Stafford Loan here:http://www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx and about the Unsubsidized Stafford Loan here: http://www.studentfinancedomain.com/student_loans/unsubsidized_stafford_loans.aspx
Hope this helps!
3
4 years ago
Sub And Unsub Loans
0
A few days ago
unsub means the loan is subject to interest as soon as you borrow.
sub means there is no interest until 6 months after you graduate. But, you can only get up to like 8500 sub and the rest is unsub. So if you are offered 10,000…youd be paying interest for 1500 of it.
0
A few days ago
Subsidized Stafford loans are need-based, and the government pays the interest on these loans while you are in school, during a six-month grace period immediately preceding repayment, and during authorized deferment.
Unsubsidized Stafford loans are not need-based, and you are responsible for all of the interest that accrues on the loan, including while you are in school.
You should not take out the loan if you don’t need the money to pay for college. If you decide you do need a loan, and if you’ve been approved for an unsubsidized stafford loan, that is probably the best option.
2
5 years ago
your all wrong. hear is what unsub means = ( UNSUB Unknown Subject of an Investigation )…… http://acronyms.thefreedictionary.com/Unsub
0
5 years ago
Hey! Someone in my Twitter feed shared this question so I came to look it over. I’m definitely loving the information. I’m book-marking and will be tweeting it to my followers!
0
5 years ago
I’m not sure
0
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