<p>Hey guys..i know the cost of attendence is roughly 29 grand... i have 21grand in scholarships + grants..how much do you guys think i should be accepted as a loan...and sorry i havent taken a look yet but whats the diff between subsidized and unsubsidized. so far my housing is about 13k. tuition around 11..so im already at 24k..</p>
<p>just wanted to get some input</p>
<p>Take all the subsidized loans. Do whatever you want about the unsubsidized ones.</p>
<p>Subsidized</p>
<p>Program Description:Eligibility based on financial need.
Federal government pays the interest while student is in school.</p>
<p>Interest Rate: 5.6% fixed for undergraduates decreasing to 4.5% after June 30, 2010; 6.8% fixed for graduates. No interest accrues while in school or during grace period.</p>
<p>Repayment:
No payments due while student is in school.
Six-month grace period after student leaves school or drops below half time.
Standard repayment period of 10 years can be extended.</p>
<p>Unsubsidized</p>
<p>Program Description: Eligibility not based on need.
Student is responsible for the interest accrued while in school.
Can be offered in conjunction with a subsidized Stafford as long as the maximum annual or aggregate limits have not been exceeded.</p>
<p>Interest Rate: 6.8% fixed. Interest accrues while in school and during grace period.</p>
<p>Repayment: Principal and interest can be deferred while student is in school and during a six-month grace period after the student leaves school or drops below half-time status. Deferred interest will be capitalized (added to the principal), or students can pay interest while in school.
Standard repayment period of 10years can be extended.</p>
<p>thanks alot!</p>