<p>I got a pretty good financial aid from my school of choice which includes some nice scholarships and some grants. I also got awarded a Stafford Subsidized loan. To be sure, this means that the loan will not accrue interest while I am in school and during the grace period? How long is the grace period? And my final question is that can I pay off my loan while I am in school before the grace period/payment period?</p>
<p>For a subsidized Stafford loan the govt pays the interest while you are in school and for a 6 month period after you graduate or drop below half time.</p>
<p>You can pay it back whenever you want without penalty. When you do the online promissory note and counseling to get the loan this data should be on there. I suggest printing it all out. (a lot of people still don’t seem to know this stuff even after they have done the counseling).</p>