Unsubsidized Student Loans Are They Worth It?

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  • Опубликовано: 27 июл 2024
  • Unsubsidized student loans vs Subsidized student loans - what's the difference? Which is worth it? This video will help you understand unsubsidized student loans and the difference between subsidized loan support so you can figure out which option is the best fit for your student, if any.
    00:00 Student Loans
    1:01 Federal Student Loans
    4:15 Subsidized vs. Unsubsidized Loans
    07:20 Limits on Borrowing
    09:34 How to Receive the Loan
    12:09 When to Pay Back the Loan
    studentaid.gov/understand-aid...
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Комментарии • 21

  • @TheScholarshipSystem
    @TheScholarshipSystem  2 года назад

    Did your student's department go over the financial aid package with you? Was it clear what was debt and what wasn’t on their offer? I'd love to know in the comments below!

    • @TaniaDTV
      @TaniaDTV Год назад

      No, I had no idea, there were no explanations :(

  • @baileenciaga
    @baileenciaga 2 года назад

    Thank you for saving my life

  • @nikkydeanb6050
    @nikkydeanb6050 2 года назад +1

    They went over the student loan process with me. My question is does it get out into my student account or a bank account🤔 I want to buy a laptop and school supplies,unfortunately my school doesn’t have any of this🤦🏽‍♂️

    • @TheScholarshipSystem
      @TheScholarshipSystem  2 года назад

      It'll go to your school account first, cover the bill, then an excess will be sent to you in a check or transfer depending on how your school handles overages! You should also consider applying for scholarships - they may be able to replace those loans! I have a free training on how to get them here: thescholarshipsystem.com/freetraining

  • @droza626
    @droza626 2 года назад

    Can I use any of these loans to cover my cost for the Fall 2021 semester?

    • @TheScholarshipSystem
      @TheScholarshipSystem  2 года назад

      You may be able to, depending on which loan you pursue. Not all will allow you to backpay, however.

  • @tamijohnson4057
    @tamijohnson4057 Год назад

    How is interest calculated?

    • @TheScholarshipSystem
      @TheScholarshipSystem  Год назад

      We have a great video that may help you: ruclips.net/video/UUh9bnXOFzE/видео.html

  • @tamarabeckham8760
    @tamarabeckham8760 Год назад

    My child is attending a university this year. Her FASA stated a unsubsidized loan but she has received so many scholarships. Is this because of her net cost? Would the loan be in my name or hers shes not18 as of yet.

    • @TheScholarshipSystem
      @TheScholarshipSystem  Год назад

      After the school receives the scholarship money, they will most likely update the financial aid award letter, possibly removing the unsubsidized loan.

  • @mujermujeron4713
    @mujermujeron4713 Год назад

    We both go to school barely making it n they decided we should borrow I said nope

  • @forest288
    @forest288 2 года назад

    Don’t they give you years to pay back your loans?

    • @TheScholarshipSystem
      @TheScholarshipSystem  2 года назад +2

      Unsubsidized student loans are set to a standard 10 year repayment term.

  • @eseogheneogaga8442
    @eseogheneogaga8442 7 месяцев назад

    It was not and I’m $11k in debt with unsubsidized loans 😭

  • @mujermujeron4713
    @mujermujeron4713 Год назад +1

    No I decline

  • @kathyluebke3158
    @kathyluebke3158 2 года назад

    Not at all

  • @michaelmorris9546
    @michaelmorris9546 Месяц назад

    TCU (Texas Christian University) was very clear that the subsidized and unsubsidized loans were just that...loans.

  • @kellycooper6080
    @kellycooper6080 2 года назад

    I need help how do we contact you?

    • @TheScholarshipSystem
      @TheScholarshipSystem  2 года назад

      Join our free workshop! thescholarshipsystem.com/freewebinarpst/