Subsidized:The federal government pays interest while the borrower is in school at least half time or under a qualifying deferment status.

Unsubsidized:Borrower is responsible for interest accrued during life of the loan.

PLUS:PLUS: available to parents of dependent students. The parent must submit the PLUS application online at studentaid.gov. The parent will also be required to complete a Loan Agreement (MPN).

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