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<strong>Accrued interest</strong> – Each day interest is calculated on the unpaid principal balance of a loan and increases (accrues). Interest accrues on a subsidized Stafford Loan after the grace period is completed and the borrower enters repayment. For unsubsidized Stafford, parent PLUS, and Grad PLUS Loans, on the other hand, interest begins to accrue after the first disbursement of the loan.
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consumer durable (DO)<br />A consumer GOOD not immediately consumed but the producer of a stream of services over a period of years. Vehicles, electrical goods and other durable household articles are major examples. Unlike the services of houses, there is no inclusion of the benefits of consumer durable own-
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