Definitions for "Unsubsidized Loan"
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)