Interest Payments on Direct Subsidized Loans While in School
Question:
The interest on your Direct Subsidized loan is paid by the federal government while you are in school. True or false?
Answer: True.
Explanation: For Direct Subsidized Loans, the U.S. federal government covers the interest while you are enrolled in school at least half-time, during the grace period (six months after you leave school or drop below half-time enrollment), and during any periods of deferment. This means that you are not responsible for paying the interest during these times, which helps reduce the overall cost of the loan.
Details:
Direct Subsidized Loans: These loans are designed to help students with financial need. Interest is subsidized, or covered by the government, while you are in school, during your grace period, and periods of deferment.
Direct Unsubsidized Loans: Unlike subsidized loans, you are responsible for paying the interest on Direct Unsubsidized Loans while you are in school and during other periods.
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