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Cake day: July 1st, 2023

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  • dohpaz42@lemmy.worldtoWork Reform@lemmy.worldJust a reminder...
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    11 hours ago

    There are two types of loans: subsidized and subsidized. The subsidized loans do not accrue any interest, as the fed pays that for you. Unsubsidized loans do accrue interest; typically a lower rate than regular loans (mine were 6%). Student loans cannot be discharged through bankruptcy.