What is the difference between Fed Sub and Fed Perk loan?
So, I am hearing a few statements about each ones... And I can't tell the difference or which one's interest is paid during college or not... but anyway, onto my question.
1. What is the difference between the Federal Subsidized Stafford Loan and the Federal Perkins Loan?
2. Do you pay interest or accrue interest for either of those loans while you are in undergraduate? If so, how much?
3. If they are both subsidized during college, am I allowed to take both (3.5k+1.5k), since then I will have over 3.5k subsidized?
Thanks for all the help!