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Full Version: Paying of Interest on School loans while in School :subaidized interest
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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
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
QUOTE(FishyCat24 @ Jun 2 2007, 11:31 AM) *
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
QUOTE(rhl @ Jun 3 2007, 04:59 AM) *
QUOTE(FishyCat24 @ Jun 2 2007, 11:31 AM) *

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.
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