I can’t believe it’s already that time of year, but current high school seniors who are going to college next year are starting to get their financial aid award letters. So the question over at Your Money is about federal student loans- if both subsidized and unsubsidized are offered, do you have to take both? The answer is NO. Subsidized loans are a great deal- no interest while you’re at least half time in school and for a 6 month grace period after you graduate. Fur unsub loans, interest accrues and capitalizes. If you can afford it, subsidized loans only.