<p>Hey everyone, I just have a question about subsidized stafford loans.</p>
<p>Are you allowed to only take a portion of the loans that a school offers rather than taking the whole amount?</p>
<p>Also, if I take out a small subsidized stafford loan - imagine $500 maybe - for freshman year, can I pay that back in the summer after freshman year ends, or must I wait until after graduation to start paying back any student loans?</p>
<p>Thanks for any help in advance.</p>
<p>You can take out any amount up to what the school says you are eligible for. So If they say you can have $3000 you can take out anywhere between $0 to $3000.</p>
<p>You can pay it back anytime you choose. However remember a subsidized loan will not cost you any interest until you graduate or drop below half time plus a 6 month grace period. Also you usually have to pay a small origination fee so you are better off not paying the first off only to get another and pay the origination fee again.</p>
<p>Thanks for the quick reply. Also, I was not aware of the origination fee, so thanks for warning me about that too.</p>