A loan on which the student is responsible for all interest payments.
A non–need based loan in which the borrower is responsible for paying all interest while in school and during deferment, forbearance and grace periods. (i.e., Unsubsidized Stafford Federal Direct Loan or Federal PLUS Loan.)
This is a loan that student borrowers must pay all the interest on. Interest is charged both during and after enrollment, however, students can elect to capitalize the interest, and make their payments after they are out of school. See Capitalization. (These loans are only offered under "special" circumstances)
a long-term loan made through various lending institutions and banks to students who do not qualify for the subsidized Federal Stafford Loan
a program designed for independent students to help offset the cost of tuition
A loan for which a borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan. Unsubsidized loans include: Direct Unsubsidized Loans, Direct PLUS Loans, Direct Unsubsidized Consolidation Loans, and Federal Unsubsidized Stafford Loans, Federal PLUS Loans, and Federal Unsubsidized Consolidation Loans.
A loan on which the borrower is always responsible for paying the interest while in-school and during deferment, forbearance and grace periods. (i.e. Unsubsidized Federal Stafford Loan or Federal PLUS Loan).
A loan that students borrow must pay all the interest on, including while they are enrolled in school, and during periods of grace and deferment.
A loan that students may receive in addition to need-based financial assistance where interest charges accumulate while the student is enrolled. The student may choose to make interest and principle payments, interest payments only, or have interest accumulate and be "capitalized" (see above) while enrolled at least half-time (six hours or more).
A loan where the person is expected to pay the interest while they are in school.
A loan that is not based upon need (i.e., unsubsidized federal Stafford Loan or Federal PLUS Loans). The borrower is always responsible for paying the interest on the loan while in school, during deferment, forbearance, and grace periods.
A loan in which interest accrues while a student is in school.
A federal student loan that requires the borrower to pay the interest on the loan. You can elect to defer interest payments until the end of a grace period. However, this amount is added to your loan amount. You can deduct from your income the interest that you pay on student loans during the first five years of repayment. The deduction is subject to income and dollar limits. Unsubsidized loans are available to all students. Stafford loans are the main type of unsubsidized student loans.
This loan is not awarded on the basis of need. The student will be charged interest from the time the loan is disbursed until it is paid in full. If the student allows the interest to accumulate, it will be capitalized.
a federal student loan not based on financial need.
A non need-based loan on which interest is not paid by the federal government. Borrowers are responsible for interest on all unsubsidized loans from the date the loan is disbursed.
This is a non need-based loan for which borrowers are responsible for interest from the date the loan is disbursed.
A loan for which the government does not pay the interest. The borrower is responsible for the interest on an unsubsidized loan from the date the loan is disbursed, even while the student is still in school. Students may avoid paying the interest while they are in school by capitalizing the interest, which increases the loan amount. Unsubsidized loans are not based on financial need and may be used to finance the family contribution. See Stafford Loans for information about unsubsidized Stafford Loans. See also Subsidized Loan.
Loans that begin to accrue interest immediately upon disbursement. The interest that has accrued and is unpaid is eventually capitalized.
A non-need based loan such as an unsubsidized Federal Stafford loan or a Federal PLUS loan. The borrower is responsible for paying the interest on an unsubsidized loan during the in-school, grace and deferment periods, in addition to repayment periods.
An unsubsidized loan is a loan for which the government does not pay the interest. The borrower is responsible for the interest on an unsubsidized loan from the date the loan is disbursed. The borrower may be eligible to choose to have the interest deferred and capitalized into the loan principal.
A loan where the borrower is responsible for paying the interest that accrues from the date the loan is made until it is paid in full. It is not based on the student's financial need.
A loan that student borrowers must pay all the interest on, including while they are enrolled.
A loan for which the student is responsible for all the interest that accrues.
A non need-based loan on which interest is not paid by the federal government. Back to the top of the page
A student loan on which the borrower is responsible for interest from the time the loan is made. The interest accrues while the student is in school and is added to the amount borrowed.
A loan on which interest is not paid by the federal government during the in-school, grace, deferment, or repayment periods. The borrower is responsible for the payment of all interest.
Loan in which borrower is charged interest immediately. See Subsidized Loan.