Apologies as I see a similar question was asked on the forum a couple of years ago, but things change, so I want to be sure I am working with current information.
My daughter will start college this fall and qualifies for a $3500 "subsidized federal direct loan".
First, is that the same as a subsidized Stafford loan?
Second, if we were able to pay off the loan in full immediately upon graduation, am I correct in believing it would have essentially been an "interest free" loan for the four years? (i.e., there would no interest owed at the time of graduation - just the $3500 borrowed?)