Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Unsubsidized Loans
Unsubsidized Federal Stafford Loan: If you do not demonstrate financial need, or if you need to borrow more than your subsidized loan limit, you can receive an unsubsidized FFEL or Direct Stafford Loan.
The borrower is responsible for paying the interest on the loan from the time the loan is disbursed, interest is charged throughout the life of the loan. The borrower may choose to pay the interest charged on the loan or allow the interest to be capitalized - added to the loan principal.
Unsubsidized Stafford Loans are not based on financial need. The financial aid office determines your eligibility. Read more about Stafford Loans
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