A lot of student borrowers do not understand the difference between subsidized and unsubsidized student loans. Unsubsidized loans can cost a student thousands more in interest, so students need to be aware of the total cost of the loan. Read over the terms and conditions of your student loan to make sure you understand what type of loan you are getting.
I just explained the difference to my sister who is getting ready to go to school. I made sure all of mine were subsidized and I am glad I did. I dont think I knew what the difference was at the time, but learned afterrwards.
