Unsubsidized loans are awarded without the basis of financial need. The student is charged interest from the time the loan is disbursed until it is paid in full. If the student allows the interest to accumulate it will be added to the principal amount of the loan and additional interest will be based on the higher amount.
- 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.