LogFAQs > #906247826

Loans should always be a last resort, and the later you can take them, the better. I wish I had known about capitalized interest when I was in college. What that means is that if you take unsubsidized loans, they will continue to accrue interest even though you're in a deferment period since you're in school. And then after a year or so, that interest eventually becomes principal, which further increases the interest you have to pay over the years. It's probably added an extra $2,000 for me, and I didn't even have that many loans. If you do take out loans, it would be wise for you to make payments even while you're in school.