For anyone who is getting ready to start Grad school, or has already finished, I have a question about student loans,
With the Federal Un-subsidized direct student loans, I know that the interest starts accruing immediately from date of disbursement, at 6.8%, but what exactly does that mean?
If I borrow $20,000 each year for 4 years, how much interest is going to get accrued by the time of graduation?
Is it actively accruing each day, week or month? Or are they just going to flat out charge me 6.8% of $20,000? I'm really not sure how all this works.