How does subsidized student loan interest work?

KaySu: How does subsidized student loan interest work?
I will be taking out a subsidized loan for the first time, and have a question about the interest. If I take out $ 2,000 at 5% interest and it is deferred until after graduation. If I pay off the loan before it is due, do I have to pay the interest for all the years I have been borrowing the money or just the principle?
Can anyone please explain to me how the interest of the sub loan work? Thank you.

Answers and Views:

Answer by altaira_3
A subsidized loan means that the government pays your interest while you are in school. If you pay the loan while you are still in school then you would just be responsible for the principle.

Answer by Melina
When it comes time for you to start college, you really do not want your bad credit to get in the way. The good news, too, is that it does not have to. You still have access to a number of loans – and at reasonable rates. Here is some information to tell you about what kind of student loans are available to you.

https://studentloanapproval.blogspot.com/

One thing that should help you to relax some is that a number of available college loans from the government do not even look at your credit rating. They tend to make the assumption that applicants are fresh out of high school and have not had any time to even think about their credit rating – let alone build a decent one. One of these is the Stafford loan, which allows anyone to apply.

Answer by Niki
Loans for students help the student to deal with all the expenses that are to be incurred during his education phase like it includes entire cost of the student’s education from tuition fees, accommodation, books, and computers to transportation and many more.

Many Banks, financial institutions, online lenders etc are ready to offer the loans for students. But students considering their precious time and finds easy to via online as it provides easy access than other source. There are a large number of requirements other than college or course fees.

Some of the most crucial are computer expense, hostel charges, and books and so on. The best college student loans are one which comprises all such expenses. But, to qualify for any such one, you have to give it your best shot as far search is concerned. Such purpose can be accomplished by exploring World Wide Web. You will find an innumerable number of lenders offering college student loans.