Most student loans fall under either being subsidized or unsubsidized. Like any debt instrument, you will be charged interest for the amount of debt you have outstanding. On Stafford Loans, the most common among Ameican Universities, the interest rate is 6%. The difference between subsidized and unsubsidized loans is that unsubsidized loans start charging you interest from the moment you receive the loan, and is added to the loan amount if not paid.
For example, you receive a student loan on Sept. 1st for $10,000 with a 6% interest rate. You will have …

You’ve finally done it — earned that coveted diploma. You’re feeling a bit cocky. Your parents are wondering why they had to pay for your expensive education when you already knew everything.
Now it’s time to enter The Real World, the place that you have talked about for years as if it were a planet in a distant galaxy. There are definitely things you need to know about life in your new reality. Some of it may sound vaguely familiar and ho-hum. Or it may be written in the foreign language …