So after the scholarships are all applied, my son will have 3 different student loans (2 subsidized and another unsubsidized). We will also have a balance. Our family plan is for us (mom and dad) to set up monthly payments on the balance and for him to work and make monthly payments on the unsubsidized loan since it will begin accruing interest. The hope being he can pay it down at least 1/2. He is also going to pay on his books. He plans to work full time next summer and sock as much as possible towards the parent portion (since $1500 of his scholarship is just first year). My question - can he go in and make a payment of how much he can afford and specify it goes towards the balance on that loan or will his payments and our payments go toward the "owed" amount and then at the end of the semester he just sends back the balance on the unsubsidized loan (meaning he will still have accrued the interest for the semester).