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If you pay back a subsidized loan are there any fees?
If you're offered $5000 in subsidized loans, and you repay $5000 when you're done with school before 6 months, would you be paying additional money? (More than you took out)?
Context: Im being offered loans and I'm debating on whether it's a good idea to take out the subsidized loans just incase and then repay them in full once I'm done with school. But I don't want to pay back more than I took out.
2 Answers
- nancyLv 77 years ago
Subsidized loans begin to accrue interest as soon as you cease to be enrolled, so if you wait until the end of the 6 month grace period, you would owe a small amount of interest (how much would depend on how much you borrowed).
