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originally posted by: StoutBroux
You must be watching a different speech than I. Currently he is addressing the coronavirus and the private companies that are offering their assistance...
originally posted by: Sookiechacha
a reply to: StoutBroux
Suspending interest on student loans for the time being.
How does suspending interest on student loans help the COVID 19 problem? I'm not seeing it.
One of the most important things to understand about their student loans is how interest accrues over the life of the loan. There are two different types of federal student loans, unsubsidized and subsidized loans.
How interest accrues with subsidized loans is much different than how it accrues with unsubsidized loans. Subsidized student loans are needs-based and available to students who meet certain low income requirements. Because these loans are used to incentivize education, the loans are structured to be as attractive as possible.
The interest on these loans does not begin to accrue until six months after the student leaves school, either by graduating or by discontinuing studies. If the student returns to school, the interest stops accruing again until the student is not in school.
Unsubsidized loans are not based on need and a certain amount per semester is available to most students. The interest on these loans begins to accrue the minute the loan is disbursed, and while the interest rate is typically very low, the interest does add up over time.
originally posted by: MiddleInsite
a reply to: fencesitter85
It's no use pointing out facts to those on ATS anymore. Trump could literally shoot one of their family members and they'd still take his side. I used to LOVE ATS, but it has become an echo chamber for Trump sheep. So once in a while I comment, but just to let people know not everybody is under this President's spell. Trump will lose in November. He is weak.