Questions about federal unsubsidized student loans?
I received the award letter from the school I am planning on going to. It listed 3,500 in federal subsidized loans, which means the gov’t pays the interest and then 6,000 in unsubsidized loans which means I have to pay the interest. However, after the totals and whatever, it says that I MAY qualify for the unsubsidized loans. Are the unsubsidized loans credit based? What are the qualifications?
Any undergraduate or graduate student can get a student loan. Only need based students can get the subsidized loans. Any student no matter the financial situation or the credit can get a unsubsidized loan. Student loas are not credit based loans, so your credit score doesn’t even matter.
