Subsidized Student Loan: What Is It Exactly?
Because the way student loans work is that it is assumed that once you have finished school you will get a job that will allow you to be able to afford to pay back your loan instalments, the interest is only subsidized while you are in school, during the grace period between school and the start of your repayments (which is to give you time to find a job) which is six months for Stafford loans and nine months for Perkins loans, and during certain periods of economic hardship where a deferral has been approved.