Shonnita Leslie's side-hustle as a DoorDash driver helped her pay down around $20,000 of her six-figure student loan debt. Here's how she spends her money.
Yeah. There are two kinds of loan as part of the federal loan program. Subsidized and unsubsidized. You get granted a pool of loans from both kinds when you apply for aid. The unsubsidized loans accrue interest the whole time. The subsidized loans are equally horrifying mostly because the interest is accruing, it’s just being paid for by the taxpayers on your behalf. Neither public loan actually accrues no interest while you are in school
The insidious part is this is all sold to you at 16-18 by your own student advisors and the university as “financial aid”
Wow Americans start accruing interest on student loans while you’re still in school?? That’s crazy.
Yeah. There are two kinds of loan as part of the federal loan program. Subsidized and unsubsidized. You get granted a pool of loans from both kinds when you apply for aid. The unsubsidized loans accrue interest the whole time. The subsidized loans are equally horrifying mostly because the interest is accruing, it’s just being paid for by the taxpayers on your behalf. Neither public loan actually accrues no interest while you are in school
The insidious part is this is all sold to you at 16-18 by your own student advisors and the university as “financial aid”