Subsidized loans are awarded on the basis of financial need. The student is not charged interest before beginning repayment or during authorized periods of deferment. The federal government pays all interest during these periods.
- Total Principal Balance is the sum of the loan amounts that have already been disbursed.
- Remaining Amount to be Disbursed is the sum of money yet to be disbursed to the student or the school.
- Total is the sum of the principal balance and the amount remaining to be disbursed.