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Consolidating subsidized and unsubsidized student loans

Interest accrual while the student is in school is dependent on the type of Direct Loan received (subsidized or unsubsidized).Unsubsidized Direct Loans will accrue interest while the student is in school.This is an in-depth guide to all things student loans. We have been in your shoes before, and don't want you to struggle like many of us did.Once you’re done reading this guide, you should be able to apply for, choose, receive, and pay back a student loan in your sleep. One thing to know before you borrow money is that no matter what type of student loan you choose, they all have a few things in common.

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That’s because federal loans have several benefits that don’t apply to private loans.The interest rates for Direct Loans with a first disbursement date on or after July 1, 2017 and before July 1, 2018 are: The origination fee for a Direct Loan is 1.066% for loans originated on or after October 1, 2017 and before October 1, 2018.For loans originated on or after October 1, 2016 and before October 1, 2017, the origination fee was 1.069%.The FAFSA is the only application necessary to receive Federal Direct Loans but you must accept your loans on Maine Street in order to receive them.Repayment on Direct Loans is not required until 6 months after the student leaves school, as long as the student remains enrolled at least half-time.It’s far better to graduate debt free if possible, and it’s important from a financial standpoint to graduate with only as much debt as you need, if you cannot avoid borrowing completely.From here on in we’ll take a look at what types of student loans there are, where they come from, how interest on them works, and the basics you need to know to borrow and repay them. Did you know that there are all different kinds of student loans?What’s more, if you ever default on a student loan, they can garnish your wages and your tax returns. For these reasons, you need to be careful about how much you borrow and you shouldn't see student loans as a way to pay for a fun college lifestyle.The cool sneakers you buy with your student loan money will end up costing you a whole lot more once you pay interest on them.One of those things is that your student loan is not dischargeable in bankruptcy.That means that if you owe tens of thousands of dollars in student loan debt there are very few ways to get out of that obligation.


  1. Highlights. In this article, I’ll outline the basics of federal student loans and private student loans, discuss whether private student loans make sense, look at the current interest-rate climate, and explain how to get started in your search for the best student loans.

  2. Log in to view your federal student loan data, notify schools of counseling completion,and save proof of counseling completion. If you are not logged in, you cannot

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