About Subsidized and Unsubsidized Loans
There are two types of loans on offer to you, those being subsidized loans and unsubsidized loans. You will need to understand the basics of both of these types before you sign for any loan.
Both of these loans are federal student loans that are offered by the US Department of Education. In order to qualify for either of these loans you must be enrolled at least half-time at your school. They both offer a six-month grace period before you have – Read more
Lesser-Known Facts About Student Loan Grace Periods
A federal loan has a grace period, but this differs between the type of loan and the terms of the loan.
During the grace period, payments aren’t due, but there are student loans that will incur interest during this time and in turn will increase the total amount that is owed.
Here is a look at things you may not know about a student loan grace period.
The Government Is Looking Out For You
Many federal loans will have a grace p – Read more
Credit Card Interest
Your credit card balance will be charged an interest by your credit card issuer, just so that you can carry a balance on your credit card after the grace period.
If you do not pay your balance in full every month then you will have finance charges added to your balance.
Interest is charged when you begin your billing cycle with a balance on your credit card.
Interest is also charged any month you make a cash advance or other type of transaction that does not – Read more