<p>For instance, if one takes out a 20,000 PLUS loan, when does the interest begin to accumulate? If there is an 8.5% interest rate does that mean that you are charged 8.5% of whatever is left of the principal one year after the loan has been dispursed, or does the interest begin accruing from day one? </p>
<p>I would like to be able to pay the principal down as much as possible before the one year mark, but if interest will begin from the first day will I be needing to pay interest on the initial principal PLUS try to pay down the principal amount?</p>