I'm currently sitting at about $14,000 USD in loan debt, and am still enrolled at university. I will estimate about $10,000 is unsubsidized, making the remaining $4,000 subsidized. I was fortunate enough to receive some recurring scholarships last semester that will cover all of my expenses - a full ride, essentially. However, my university financial aid office is still offering me certain amounts of subsidized and unsubsidized loans for this semester.
It occurred to me that if I accept the full amount of subsidized loans and use the money to pay the unsubsidized loans, I could essentially convert my debt to being entirely subsidized in a couple semesters.
My question: is there anything wrong with doing this? Would there be some "gotcha" when I finally graduate? Or is this plan really as safe and smart as I think it is?