Could someone please explain in simple language what the difference between loans are for college students?
Direct plus loan
Direct subsidized loan
Direct Unsubsidized loan
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Answer by prplfae
Direct plus loan is taken out by the parents. direct subsidized the government pays the interest while you are in school, grace, or deferment. direct unsubsidized the interes starts accruing right away and builds up while your in school. the interest will be added to the principal balance when you enter repayment if you dont pay it first. plus loans are never subsidized, so the interest applies to those loans as well, and they enter repayment as soon as the money is sent to the school unless your parents request a deferment.
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Anti IMF Loan Protest in Down Town, Cairo
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