Federal Subsidized Direct Loan Questions

[koala101]

<p>I just logged into my son's federal loan website and a couple of really confusing information greeted me. I can't fully comprehend everything at the moment, since a lot is going on in my head and I have a terrible migraine, and I'm not even sure when this is due.</p>

<p>--When does the interest start piling up exactly? what is this "Interest rate × current principal balance ÷ number of days in the year = daily interest" thing mean? Do I have to pay this immediately, like this year, or do they hold off interest until after my son graduates? I have a total of 4.4k federal sub direct loan this year. What does this mean for me?</p>

<p>--When do I have to fill all this up in time for Fall 2014? Is there a general deadline? His school did not specify.</p>

<p>Help will be much appreciated. Thank you.</p>

[4kidsdad]

<p>

When does the interest start piling up exactly?

Now; however, see <a href=“https://studentaid.ed.gov/types/loans/subsidized-unsubsidized[quote]The”>https://studentaid.ed.gov/types/loans/subsidized-unsubsidized

The</a> U.S. Department of Education pays the interest on a Direct Subsidized Loan</p>

<p>○ while you’re in school at least half-time,
○ for the first six months after you leave school (referred to as a grace period*), and
○ during a period of deferment (a postponement of loan payments).

When do I have to fill all this up in time for Fall 2014?

Before the due date, so that the school can include it in “Anticipated Financial Aid”</p>