Once you have the grand total answer the following questions. 1. Will you choose subsidized or unsubsidized loans? Explain the reason for your choice. Note that subsidized loans have a maximum amount of money allowed and may be dependent on financial need You'll need to research the maximum amount for subsidized loans to see if this is an option (You may find this website useful). 2. If you choose unsubsidized loans. 1. Calculate the amount of interest that will accrue while you are in school. (Note: loan payments start 6 months after you graduate). Use a rate of 5.05%. Time will be the number of years it takes for you to complete school. Hint Make sure to choose the correct type of interest. 2. 3. If you have an unsubsidized loan, will the loan be capitalized? Give a reason for your choice. Make sure to add this amount to the principal as part of step 5. 4. If you choose not to capitalize calculate the monthly payment that you will make while in school Once you have the grand total answer the following questions. 1. Will you choose subsidized or unsubsidized loans? Explain the reason for your choice. Note that subsidized loans have a maximum amount of money allowed and may be dependent on financial need You'll need to research the maximum amount for subsidized loans to see if this is an option (You may find this website useful). 2. If you choose unsubsidized loans. 1. Calculate the amount of interest that will accrue while you are in school. (Note: loan payments start 6 months after you graduate). Use a rate of 5.05%. Time will be the number of years it takes for you to complete school. Hint Make sure to choose the correct type of interest. 2. 3. If you have an unsubsidized loan, will the loan be capitalized? Give a reason for your choice. Make sure to add this amount to the principal as part of step 5. 4. If you choose not to capitalize calculate the monthly payment that you will make while in school