BTW dudes the department of education is a big expense on taxpayers.
Xerzes shut up.
With a subsidized loan, the federal government absorbs the interest while a student is in college and six months afterward. If the CCRAA program is abolished, students would be responsible for the interest accumulated during the six months after they graduate.
With unsubsidized loans, students pay the interest that is built up during college and during the six-month grace period after graduation. The government uses a formula to determine a student's need and how much money they will receive with each type of loan. The formula includes factors like income, family size, number of people already in college and the family's assets.