Received UK’s FA award and having trouble making sense of it. There were 3 components to it. Merit which is easy enough to understand, a Federal Subsidized Loan, and a Federal Unsubsidized Loan.
What is confusing is it says “Amount of loans for 2015-16 you will have to pay back $0.00.”
That can’t be true - they’re loans. What am I missing? Do they just mean the loans won’t have to be paid back until 6 months after graduation? If so that’s VERY misleading.
Thanks