<p>^ The question was whether you can still apply for continuation of interest free subsidized undergrad loans while attending grad school, and dancegrl is saying/assuming that the policy is going to continue.</p>
<p>When could you ever get subsidized undergrad loans while going to grad school?</p>
<p>By virtue of the name that makes no sense.</p>
<p>tt, I was responding to you and I misunderstood. Thought you were asking whether subsidized grad loans were coming back. I see my error now. </p>
<p>dance, there used to be subsidized GRAD loans a few years ago. They were done away with. I wasn’t talking about subsidized undergrad loans.</p>
<p>Yeah, there used to be subsidized grad loans but as of 7/1/12 you can’t get those anymore.</p>
<p>I’m confused as to why we’re all confused. Oh well. S’all good now.</p>
<p>Many colleges offer joint 5 year bachelors-masters degrees in various fields. That not only saves time, but also can save great amounts of money. For the 4th year of college, while you taking some grad courses, you are still treated as an undergrad for financial aid.</p>
<p>Oh, yeah, I get that…I’m in a 5 year program myself. That’s one of the reasons why I picked my school over others even though I could saved a few grand a year at CC. I’m saving more in the long run.</p>
<p>Yes, same rate for sub & unsub. I just finished reading the legislation.</p>
<p>For the question regarding subsidies during grad enrollment for a subsidized loan, here is the explanation from Studentloans.gov:
Direct Subsidized Loans are available to undergraduate students with financial need.
Your school determines the amount you can borrow, and the amount may not exceed your financial need.
The U.S. Department of Education pays the interest on a Direct Subsidized Loan
○ while youre 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).</p>
<p>*Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.</p>
<p>Ohhhhhh… that explains why randomly one of my loans is now accumulating interest.
No really, nothing in this country can ever be just a LITTLE simple now can it? :rolleyes: Oy</p>