Quick federal loan question

swimcatsmom
Thu, 03 Jun 2010 18:46:42 +0000

Interest starts accruing on both of them the day the loan is disbursed to your school.

The only loans that where interest does not accrue from day one are subsidized loans (Subsidized Stafford and the Perkins loan) where the govt pays the interest until you graduate or drop below half time plus a grace period. For unsub Staffords or PLUS loans the interest starts day 1.