Loans/ work study

<p>Hi, Can someone with experience with loans, tell me a bit about the different types and pros and cons? Also, then interest rates, when do we repay, etc. Also, could you tell me a bit about work study? Do we need to interview for jobs? Thank you so much.</p>

<p>Federal Perkins Loan
Federal Direct Subsidized Loan
Federal Direct Unsubsidized Ln
Parent Loan Option Must Apply</p>

<p>All these loans are options for me in my package. Thank you!</p>

<p>Anyone please? have any experience with these packages? please and thank you! :)</p>

<p>Unsubsidized and subsidized are loans that are paid after you are out of school. Subsidized loans have the benefit of having the government pay the interest while in school. Unsubsidized loans require the receiver to pay the interest as you go through school.
The Perkins loan is also a subsidized loan so it does accrue interest till after you are out of school.
All of these loans have fixed rates.
Here's a site:
<a href="http://www.studentfinancedomain.com/student_loans/subsidized_vs_unsubsidized_loans.aspx%5B/url%5D"&gt;http://www.studentfinancedomain.com/student_loans/subsidized_vs_unsubsidized_loans.aspx&lt;/a&gt;&lt;/p>

<p>Just takes a bit of google-ing! Hope this helps.</p>

<p>As for the work study program, its hard to find jobs as they are limited. My sister was never able to get a job on campus when she attended.</p>