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uFinancial Need
nSubsidized loans are based on unmet financial need
nUnsubsidized loans are not need-based
uPayment of interest
nSubsidized - While the student is in college and during grace/deferment periods, the federal government pays accrued interest.
nUnsubsidized – Interest payment is always the student’s responsibility.
Federal Stafford Loan
Subsidized vs. Unsubsidized
Subsidized loan funds are approved whenever possible.  Subsidized loan eligibility is based on financial need as well as the student’s other aid.