You must request in writing that the extra amount be applied to principal. The Department of Education advises borrowers: “You can make payments before they are due or pay more than the amount due each month. Paying a little extra each month can reduce the interest y
For subsidized federal loans, no. For unsubsidized loans, yes. However, this grace period “interest subsidy” was eliminated for Direct subsidized loans made on or after July 1, 2012 and before July 1, 2014.
This is a postponement of repayment that is available only if you are not in default. The government has deferment programs for specific circumstances such as economic hardship, military service and unemployment. Interest does not accrue on subsidized loans during deferment perio
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