I received a Federal Unsubsidized Loan. Do I have to pay FAFSA back?

Question

I received a Federal Unsubsidized Loan. Do I have to pay FAFSA back?

Answer 1

Yes. A loan is a loan. You are borrowing money and it will be expected that you pay it back.

Answer 2

Yeah you actually do. It will be after you graduate or drop half time in your school. You will pay back your lender not FAFSA that includes interest rates also.

Answer 3

unsubsidized means you pay it back six months after graduating (or dropping out)

subsidized involes paying it back while you're still in school

Answer 4

You do not pay fafsa back. You pay back your loan starting six months after you stop going to school. You can start paying the interest now if you want, it will help in the long run. You will choose a lender for your loan and pay them, not fafsa.

Answer 5

You don't get money from FAFSA but rather from your school.  You don't need to pay anything back.  

Answer 6

Just to be clear for readers:

Grant: "free" government money

Loan: borrowing money

Since you have a federal unsubsidized loan, you will have to pay back(to the school), with interest. I forgot the difference between subsidized and unsubsidized but I think one either has a different time period to start paying back or a different interest.

Check out your school's site or fafsa.ed.gov to learn about the different loans out there.