I put up a blog post this morning about Canada Student Loans, and promptly received 4 emails asking if I knew anything about the differences between a subsidized and unsubsidized loans. Well, you’re in luck dear friends, as I just helped my sister’s friend navigate these chartered waters a few weeks ago.
So if you’re looking into, and are curious about the two choices of subsidized and unsubsidized loans, here are some tips to remember.
But before we get to that part, I want to say that try and not take loans if possible. I know we’re conditioned to borrow money, but only do so if you have a payment plan already worked out and have played with a loan payment calculator for a long time. Trust me, you don’t want to be 35 and still have to be paying off your student loans.