If I’m temporarily not making any student loan payments because I’m in school, in my grace period, in deferment or in forbearance, am I still being charged interest?

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If I’m temporarily not making any student loan payments because I’m in school, in my grace period, in deferment or in forbearance, am I still being charged interest?

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That depends on the type of Stafford student loan you have and on the type of postponement you’re taking. While you’re in school, in deferment or in your grace period, you won’t be charged any interest on your subsidized Stafford loans. However, interest will accrue on your unsubsidized Stafford loans, and you’ll be responsible for paying that interest. When you’re in forbearance, you’ll be responsible for all interest that accrues on both subsidized and unsubsidized Stafford loans. Any unpaid interest that accrues during a postponement period will be added to the principal of your Stafford loan for you to repay once your repayment starts or resumes. If you want to avoid having any accrued interest added to your principal Stafford loan balance, you can choose to make interest-only payments during any of these postponement periods.

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