While the specific reasons may vary, the underlying reason for taking out a student loan is because for the student's particular school, the GI Bill may not cover all expenses. Before taking out a loan, we encourage all of our students to exhaust all of our scholarship resources. The difference between an unsubsidized loan and subsidized loan is the federal government DOES NOT pay interest on your loan while you are in school. While repayment does not begin until six months after departing school, the interest began to accumulate the day you signed for the loan. Scholarships Scholarships come in many forms.
Most students think that they have no chance of getting a scholarship, especially veterans.
THAT IS NOT TRUE . When applying for scholarships, talk about the many places you have lived, the obstacles you had to overcome in the service, and your achievements. If you need a place to start when applying, grab your old evaluations and use those as a starting point. Talk about the medals you earned. Put all that information in the application.