The type of federal students loan that accrues interest while the student is still in school is unsubsidized loan.
- Loans for graduate and undergraduate students that are not based on financial need are known as unsubsidized Loans. Your cost of attendance minus additional financial help determines your eligibility (such as grants or scholarships). During in-school, deferral, and grace periods, interest is incurred.
- Subsidized loans clearly outperform unsubsidized loans when comparing them. A subsidized loan can save you money throughout the course of the loan if you are eligible for one since the interest rates are lower. But not everyone will be able to receive a loan with subsidies.
- There will be a six-month grace period following graduation, quitting school, or dropping below half-time before you must start making payments.
Thus this is the meaning of unsubsidized loan.
Refer here to learn more about unsubsidized loan: https://brainly.com/question/2651923
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