Sunday, December 22, 2013

What is the repayment plan in a subsidize loan? and Payday Loans Cheque Cashing

What is the repayment plan in a subsidize loan?



If I pay off my subsidize loan before the grace period do I have to deal with the repayment plan?


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Answer by Merry
No. If you pay the loan in full (including any accrued interest) before your grace period is up, you won't have to worry about making any more payments.

EDIT: I just realized that you're asking about a subsidized loan - so there won't even be any interest to worry about. If you can pay your loan in full before it's even due, that's great!


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