Questions about Loans

[Applekai13]

Hi people of SJ. I know most of you are in or graduated from college, so I was hoping you could help me out with some questions.

My mom is useless in this case- she never took out a loan.

Um, okay. Here we go. I'm being offered 3.5k in subsidized Stafford Loans and 2k in Unsubsidized Stafford loans. I intend to take out both.

1. What exactly is the difference between Subsidized and Unsubsidized loans? And with that, what advice do you have on paying each of these to keep cost down

2. I've been told I have to fill out forms, but I don't know where these are, or how to go about getting them :/

3. any other advice you have about taking out and paying these stupid things Xp

Thanks in advance guys.

[robybang]

This would probably answer your questions better.

To keep the amount of interest you owe low on both (but especially the unsubsidezed loans), you should probably pay them as you go rather than wait until your graduate.