Paying of Interest on School loans while in School :subaidized interest

[FishyCat24]

Yes? No? or Maybe?

 

The Financial Aide Advisor told me it be like $8 monthly so I said YES !

But after doing some research I am not really sure how this is possble. I am borrowing $7,500 the first term at a 5.2 interest rate

Edited June 2, 2007 by FishyCat24

[Cynic]

Actually the interest is about $1.07 a day.

 

There is no such thing as a subsidized loan at 5.2% that accrues interest while in school.

[FishyCat24]

Would it be in my best interest to change it

[jcs0527]

I would change it. You can always still pay it, if you say no... but you can't not pay it if you say yes...

 

eek

[rhl]

Yes? No? or Maybe?

 

The Financial Aide Advisor told me it be like $8 monthly so I said YES !

But after doing some research I am not really sure how this is possble. I am borrowing $7,500 the first term at a 5.2 interest rate

 

FishyCat24,

 

Have you processed an In-School Deferment request for your Subsidized Student Loan(s) yet?

[Cynic]

Yes? No? or Maybe?

 

The Financial Aide Advisor told me it be like $8 monthly so I said YES !

But after doing some research I am not really sure how this is possble. I am borrowing $7,500 the first term at a 5.2 interest rate

 

FishyCat24,

 

Have you processed an In-School Deferment request for your Subsidized Student Loan(s) yet?

 

There is no such thing as a subsidized loan at 5.2% that accrues interest while in school.