Question: When referring to student loans, what is a grace period?

Which loan requires you to make loan payments while you are attending school?

There are two types of Stafford Loans: subsidized and unsubsidized. The interest on subsidized loans is paid by the government while you’re still in school. Meanwhile, you are responsible for paying the interest that accrues on unsubsidized loans while you’re in school.

Which loan will typically offer the lowest interest rate?

Higher Education

Question Answer
Which of the following loans will typically offer the lowest interest rate: B. Federal Student Loan
Which type of loan requires that you pay the interest accumulated during college: C. Unsubsidized Federal Loan

What could be a good option available to you if you are behind on loan payments quizlet?

What could be a good option available to you if you are behind on loan payments? A financial institution may offer for you to pay a little now and pay the rest after your next pay day.

Which of the following loans will typically offer the highest interest rate?

The payday loans are unsecured loan. An example of payday loan is borrowing money for short period of time. will typically have the highest interest rate.

Which type of financial aid does not need to be repaid?

Grants are a type of financial aid that does not have to be repaid.

What is the best order to finance higher education?

The best order to look for funding sources (beyond your own and your family’s finances): 1. Grants and scholarships. Any grants or accomplishments which you can purchase are funds you will not have to refund, so they are your first choice if you can notice them.

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What has the biggest impact on whether a four year university is affordable?

What has the biggest impact on whether a 4 year university is affordable? The amount of financial aid that the university offers. Whether you live in the same state as the university.

Which educational institutions typically cost the most to attend?

An educational institutions typically cost the most to attend is private colleges.

Which type of loan has a higher borrowing limit a subsidized or unsubsidized loan?

Unsubsidized: Annual loan limits vary but are typically higher than subsidized loan limits. The loan limit for the entire time you’re enrolled is $31,000 for dependent undergraduate students.

Which of the following does not impact your credit score?

Since your credit files never include your race, gender, marital status, education level, religion, political party or income, those details can’t be factored into your credit scores. Making charges on a debit card. Since your credit reports only include credit accounts, bank accounts aren’t included.

What will happen to your credit score if you do not manage your debt wisely?

What will happen to your credit score if you do not manage your debt wisely? Your credit score will go down.

Which financial institutions typically have the highest fees?

Which of the following financial institutions typically have the highest fees? Check cashing and payday loan companies. Internet banks. Credit unions.

Which type of credit has the highest interest rate?

Here are the highest credit card interest rates: Highest historical credit card interest rate: 79.9% on the old First Premier Bank Credit Card. Highest current credit card interest rate: 36% on the new First PREMIER® Bank Credit Card. High current credit card interest rate: 34.99%* on the Total VISA® Credit Card.

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Which type of credit gives debtors the most time to repay money they have borrowed?

Which type of credit typically gives debtors the most time to repay money they have borrowed? mortgages are typically 20 to 30 years loans.

What is a parent loan?

A parent loan is money a student’s parent or guardian borrows to help pay for school.

7 months ago

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