Borrower is responsible for the interest that accumulates on the loan while the student is in school and during grace and deferment periods.
One of the types of Stafford loans. This type of loan accrues (collects) interest while you're in school, during your six-month grace period after leaving school, and during authorized periods of deferment and forbearance.
An unsubsidized loan is one for which you are responsible for the interest that accrues once the loan has been made until it is paid in full. It is not awarded based on need, but award amounts are limited by program maximums and cost of attendance.