Describe Some Of The Characteristics Of Federal Student Loans.

Question: What other options do you have besides federal loans to help you cover your educational expenses?

Answer: After you’ve explored free money, federal student loans and private student loans can help you pay for college. Home equity loans, personal loans, and tuition payment plans could all help you pay for college.

Question: What is the purpose of the grace period of a student loan?

Answer: Not: The purpose of the grace period of a student loan is to give you breathing room between graduation and your first student loan payment. It is there, so you have the time to find a job and start making money before you have to pay for your debt.

Question: Describe some of the characteristics of federal student loans.

Answer: Federal student loans are funded by the federal government. They usually offer a lower interest rate than private loans. Federal student loans are usually deferred until graduation, meaning that the student does not owe payments until after graduating.

Question:

Answer: b.

$31,616.16

Question:

Answer: a.

$2,697.20

Question:

Answer: d.

$324.33

Question:

Answer: c.

$13.43

Question:

Answer: c.

$1,926.97

Question:

Answer: a.

$36.98

Question: Any student can qualify for a subsidized Stafford loan, regardless of financial need.

Please select the best answer from the choices provided

Answer: F