unsubsized loan: you pay the interest subsized loan: govt pays the interest rate deffered: depends on your occupation or your in the Peace Corps, but it depends, like 20% can go...etc of your loan can be cancelled. Fogiveness Clause: for example for physical therapy. HW: Ask Olivia to give you the USA Califas financial aid run down again to refresh your memory: From Fafsa-Cal Grant the CA comission-to UCI grants-Federal Perkins why Bush took it out-down to Sub and unsub loans-Stafford loans- and the UC Regents involvement....over Coffee Off course