From the time when graduate or the day when start using the money?
Thanks!!!
2006-09-15 06:14:38 · 6 answers · asked by YY 1 in Education & Reference ➔ Financial Aid
The website explains everything.
http://www.salliemae.com/get_student_loan/find_student_loan/undergrad_student_loan/compare_student_loans/
2006-09-15 06:53:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Do you have subsidized or unsubsidized? Do you have a Perkins loan or the Stafford Loan. With unsubsidized loans, you have to start paying the interest immediately. With subsidized loans, for the Stafford, six months after graduation, and the Perkins loan, 9 months after graduation.
2006-09-15 13:43:11 · answer #2 · answered by Lea 7 · 0⤊ 0⤋
It depends on the kind of loan you have. (At least government loans). If you have a subsidized loan then interest begins to accrue when you graduate, drop out, or quit. (It may actually be a few months after that because I believe you have six months after your exit from school before you start paying them off, again this is about government loans, bank loans I don't know!) But, if he loan is unsubsidized interest begins to accrue as soon as you take the loan out, but you don't start paying on it until after your exit from school.
2006-09-15 13:25:48 · answer #3 · answered by Jo G 2 · 0⤊ 0⤋
Interest starts six months after you either graduate or go below half-time college attendance.
2006-09-15 13:51:09 · answer #4 · answered by bioraptor7 2 · 0⤊ 0⤋
Interest begins right away!
Payments begin upon graduation, which includes accumulated interest.
There are no free rides...lending money is a business - for profit!
2006-09-15 13:23:13 · answer #5 · answered by BowtiePasta 6 · 0⤊ 0⤋
It starts as soon as you master english grammar.
2006-09-15 13:26:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋