Private College Student Loan

Need Help with Federal Direct Student Loan..?

Alright so I will be starting college next month (really excited)...And I have few questions about the Federal Direct Student Loan.. I am receiving both Federal Subsidized ($1750 x 8 = $14000) & Unsubsidized ($1000 x 8 = $8000) Direct loan. Alright so my question is: Do I have to pay interest or just the base amount, if I pay back all of the money that I borrowed right after I graduate from College (before the six-month grace period) ? My dad said that he will help me pay pretty much all the College fees. So my question is should I borrow loan and then pay off after I graduate or should I just not take loan at all??

Public Comments

1. I think if you can pay for it now and you dont need to borrow it don't. But if you need to just think you can pay it off so I wouldnt worry much. I didnt have to pay any interest on my loans but I did have to pay them back.