What is an unsubsidized Stafford loan quizlet?

Federal Perkins and Federal Subsidized Stafford loans are examples of this type of loan. Unsubsidized Loan. Interest continues to accrue during a deferment period and is not paid by the government. The Federal Unsubsidized Stafford and Federal PLUS loans are examples of this type of loan.Click to see full answer. Besides, what is a Stafford Student Loan?A Stafford Loan is a student loan offered to eligible students enrolled in accredited American institutions of higher education to help finance their education. As with other types of federal financial aid, students applying for a Stafford Loan must complete a FAFSA.Likewise, what are the similarities between a Perkins Loan and a Direct Stafford Loan? Loan subsidies. All Federal Perkins Loans are subsidized by the government, which means that the government will pay the interest that accrues while the student is in school at least half-time. The government will also pay interest during school for Direct Subsidized Loans, but not for the unsubsidized variety. Similarly, you may ask, what is the main difference between subsidized and unsubsidized Direct Stafford Loans quizlet? The main difference between subsidized loans and unsubsidized loans is that the federal government pays the interest on subsidized loans during periods of authorized deferment, such as the in-school and economic hardship deferments, while the interest remains the responsibility of the borrower on an unsubsidized loan.What is the purpose of the grace period of a student loan quizlet?A period during which repayment of the principal and interest of your loan is temporarily delayed. If you can’t make scheduled loan payments but don’t qualify for deferment, this may allow you to stop making payments or reduce your monthly payment for up to 12 months.