<prompt> Human: I dont know if this is the correct subreddit for this, but Im considering accepting the Perkins Loan and the subsidized loan for students. My question is, how is the repayment? Can I pay it off without interest while Im in college if I make enough money on the side or do I have to graduate and wait till the interest starts and start paying then. Also, lets say I was going to pay in full, would there be any penalties? Can I pay in full whenever I want?Any and all help is appreciated. Thank you.  <response>: Can I pay it off without interest while Im in college if I make enough money on the sideYes. Although if the loan is subsidized theres no reason to pay it off until graduation, unless you cant stand being in debt or something. Also, lets say I was going to pay in full, would there be any penalties? No. Can I pay in full whenever I want?Yes. 