Jamie, What is the difference between “subsidized” and “unsubsidized” student loans?
J. Kessler A: With subsidized student loans, the government pays the interest on the loan as long as the student is still in school (and for a grace period after graduation). Unsubsidized loans accrue interest form the day you get the money. Sometimes, you can defer paying the in-school interest until after graduation, but it will still be accrued and added to the payment amount once the student is out of school. Q: Jamie, How often do I need to apply for financial aid? Thanks, P. Calcutt A: You will need to complete the FAFSA and other forms every year that you are in school. Many scholarships and grants may be granted only for your freshman year, so be aware of this and try to plan accordingly. Reapplying will typically help families if your siblings start college while you are still in school. Last, changes in federal law may have an impact on the financial aid you receive. Q: Jamie, How often do I need to apply for financial aid? Thanks, P. Calcutt A: You will need to complete the
