Subsidized Direct Loan vs Other Loans

[dolce183]

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Hi, I don't know very much about loans (except that subsidized are better than nonsubsidized), but I was wondering how good of a loan a direct subsidized loan was. I'll be a P1 at UCSF (where they don't participate in the direct loan programs), but I am still eligible to take out my Spring 06 subsidized direct loan that was offered to me by undergrad school. I have about 4 more days to accept it.

Also, does anyone know if I'd be able to continue not making payments on my subsidized undergraduate loans while I'm a full time graduate student? Or is it only subsidized during my undergrad years? Any advice would be especially helpful. Thanks a lot!

 

[dgroulx]

Hi, I don't know very much about loans (except that subsidized are better than nonsubsidized), but I was wondering how good of a loan a direct subsidized loan was. I'll be a P1 at UCSF (where they don't participate in the direct loan programs), but I am still eligible to take out my Spring 06 subsidized direct loan that was offered to me by undergrad school. I have about 4 more days to accept it.

Also, does anyone know if I'd be able to continue not making payments on my subsidized undergraduate loans while I'm a full time graduate student? Or is it only subsidized during my undergrad years? Any advice would be especially helpful. Thanks a lot!

With unsubsidized loans, you don't make payments while you are still in school. You do accrue interest on the unpaid balance.

There are subsidized and unsubsidized for graduate school. I don't know why your school doesn't participate. I've been living off of student loans for 5 years now.