Federal subsidized stafford loan. Can I make payments while in school?

Question

I qualify for a Federal subsidized stafford loan. Which would really help because I need a way to pay for my dorm.

I was planning on finding a part-time job, and I know I will not make enough money to afford the monthly payments.

I am wanting to know if I am obligated to wait until I graduate to to be able make payments or if it's possible (or if there are any conseqences) to make payments when I can while I'm currently attending school?

Thank you.

Answer 1

You could pay them.  I would rather put the money away for a rainy day though.  You could use it to help with unexpected expenses that may arise.  If the interest bothers you just pay that every semester they will send you a statement.

Answer 2

When it comes to the financial aid process, people often ask "Where do I begin?" We're here to help and guide you throughout this process. This page outlines the steps to applying for a Stafford Loan. Basic Stafford Loan Requirements are, You must have submitted a FAFSA. For subsidized Stafford Loans, you must have financial need as determined by your school<!--You must be a U.S. citizen, permanent resident, or eligible non-citizen. You must be enrolled at least half-time. You must not be in default on any education loan or owe a refund on an education grant. Below, we have highlighted the specific steps for completing the Stafford Loan process

http://best-loans.awardspace.com/student...

The FAFSA is the first and most important step towards getting a Stafford Loan; you can't get a loan without filing yours, and it's also free. You can file your FAFSA electronically at FAFSA Online-->be sure to include the school's FAFSA code (or prospective schools, if you are a high school student) to ensure that the results are sent to your school's financial aid office.

Answer 3

they won't refuse your money, trust me.