unsubsidized loan payments

kgos16
Fri, 12 Sep 2014 15:54:31 +0000

@sunflowermom‌ ‌ : @twoinaanddone is correct. The interest accrues on a simple daily basis. Here is a helpful link I direct students to when trying to calculate the interest accruing: https://www.nslds.ed.gov/nslds_SA/SaEcTour.do?page=SaEcRyl2

If you scroll all the way down to the bottom of the page, there is an equation to help you calculate the interest. Add in your daughter’s loan amounts and you will be able to see how much interest calculates in a given month. There is more helpful information on this site as well. This is a section of the loan exit counseling your daugther will be required to complete when she finishes school.