As a student you can obtain a substantial financial support from the federal government for your college tuition, books and laboratory fees. The loan accrues no interest during the time that you are legitimately enrolled as a student but will commence drawing interest upon graduation or whenever you leave college. This is the information given by all school aid advisors and is pretty much on the level.
Even though the Soldier and Sailors Act of 1947 should protect you from the increase of interest after school, sometimes this doesn’t happen because the actual law is misinterpreted. Many administrators feel that the steady income from a military occupation precludes any advantage in the delay of paying back a government loan or in the reduction of the annual interest. Read the rest of this entry »


