Under a subsidized Stafford Loan, the federal government will amake my loan interest free for the life of the loan bpay the interest on this loan while I am enrolled in college cpay off my loan balance if I graduate with honors
Question
Under a subsidized Stafford Loan, the federal government will amake my loan interest free for the life of the loan bpay the interest on this loan while I am enrolled in college cpay off my loan balance if I graduate with honors
Solution
The correct answer is (b). Under a subsidized Stafford Loan, the federal government pays the interest on the loan while you are enrolled in college at least half-time, during the six-month grace period after you leave school, and during any deferment periods. The government does not make the loan interest-free for the life of the loan (a), nor does it pay off your
Similar Questions
What is a Federal Direct Subsidized Student Loan?Group of answer choicesA no-interest rate student loan available to eligible undergraduate students at both public and private colleges and universities.A loan program available to undergraduates with financial need where the federal government pays the interest on the loan while the student is enrolled.A long term loan (10+ years) that allows a student to defer repayment until they have either gotten married or purchased a home.A loan that allows you to combine multiple student loans (subsidized and non-subsidized) into a single loan repayment program over 30 years.
Which of the following is a benefit of a Direct Stafford Loan?A.Fees are waived if the student has a GPA of 3.5 or higher.B.Colleges will sometimes pay the loan for you.C.There are no payments until after graduation.D.Fees are waived if the student has a GPA of 4.0.
Typically, notification of the amount of federal loans for which a student is eligible each year is found:A.in the student's financial aid application.B.in the student's award letter.C.on the student's high school transcript.D.on the loan confirmation form.
All student loans have the same terms and conditions.Group of answer choicesTrueFalse
When I borrow money for a car, the repayments can be deferred as long as I am still a full-time student at a accredited university of college. (True or False?)Group of answer choicesTrueFalse
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.