<p>My parents are willing to pay for all of my school so I was wondering if it was possible to get a loan that won't start accruing interest until the day I graduate, stick it in a CD, pay off the money at graduation and keep the interest?</p>
<p>Subsidized federal loans do not begin accruing interest until 6 months post-graduation. That amount will not be sufficient to pay for school, and the subsidized loans are need-based. If you do not have need, you will not get the subsidy; you will be eligible only for unsubsidized loans in which interest accrues, but payment is deferred until after graduation.</p>
<p>Don's forget Perkins Loans which are always subsidized and payment begins 9 months after graduation</p>
<p>Perkins is a need-based federal loan. One must have significant financial need to qualify (there are income caps). Students who qualify for Perkins loans don't have parents who can pay for "all of their school."</p>
<p>MrSmith, do you understand that federal aid is financed by the government ... meaning the tax payers? Why on earth would you think it's okay to take money from others for your own gain?</p>