Asked by: Strahil Baisak
asked in category: General Last Updated: 21st May, 2020

What best describes an unsubsidized federal loan?

The best answer that describes an unsubsidized federal loan is A. You are responsible for paying all the interest that accumulates on your loan. Both subsidized and unsubsidized loans refer to the money that you get from the government in order to cover your school, or university costs that are usually very high.

Click to see full answer.

Simply so, what describes an unsubsidized federal loan?

An unsubsidized loan is a federal loan for undergraduate college students who are still in school, and need for help to pay for tuition and related expenses. To qualify for an unsubsidized loan, or direct unsubsidized loan, you first need to visit and complete the Free Application for Federal Student Aid (FAFSA).

Beside above, which loan type requires you to make loan payments while you're attending school a? Which answer best describes an unsubsidized federal loan? You are responsible for paying all interest that accumulates on your loan.

Beside this, which type of loan requires that you pay the interest?

- like grants & scholarships - first. Then look into federal student loans, since these offer low and fixed interest rates. Which loan type requires you to pay the interest you accumulate during school? With unsubsidized loans, you are the one responsible for paying all accumulated interest on your loan.

When referring to student loans What is grace period?

“Your student loan grace period is a set amount of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. For most student loans, the grace period is six months but in some instances, a grace period could be longer.

32 Related Question Answers Found

Are unsubsidized loans bad?

How does a federal unsubsidized loan work?

Can I get more unsubsidized loans?

Should I take an unsubsidized loan?

What is better subsidized or unsubsidized loans?

How much can I borrow in federal student loans?

How much subsidized and unsubsidized loans can I get?

Which education has the highest return on investment?

What is the best loan for college?

How does a government student loan work?

Which type of loan is available to everyone?

How does a student loan work?

What are the 5 types of government loans?

What are direct loans for students?