Subsidized Loan In College

A subsidized loan is a loan that a student can receive based on his or her need for the loan. This loan will not accrue interest while the student is attending school as long as the student is attending at least half-time classes. In contrast, and unsubsidized loan requires that the student pay the interest on the loan for the lifetime of the loan. This loan would be the one that I would be the most careful about taking because it will cost the most in the long run.

A student may be eligible for a refund of his or her financial aid once several conditions have been met. The first is that the financial aid has been posted to his or her account. The second requirement is that all book charges must have been turned in. Next, the students
account must reflect a credit balance as well as the attendance and participation requirements must have been met by the student as well. Submitting a Direct Deposit Authorization form with all of the documentation that is required is the final requirement that a student must meet in order to get a refund. All of the information that we need to meet the requirements for a refund can be found in the Financial Aid section of our student quick reference guide which is uploaded under the reference tab in our virtual campus.