unsubsidized and subsidized loans

Subsidized loans are normally given to the borrowers depending on their financial requirements. In case of subsidized loan, federal government pays the interest rates on the loans when the students are in school. The borrower will not be held responsible to pay off the loans till he/she completes the education. However, in case of unsubsidized loans, interests start accruing after the money is given to the borrower.

Partially correct.

Your loans will be defered until you compete your education or until seperate from school.

Subsidized loans the government pays the interest while you are in school. Unsub does not...interest accrues from day one.