Loans
A type of student loan where the government pays the interest.
What is subsidized loan.
The cost required to buy something
What is expense
What does APR stand for?
Annual percentage rate
A type of government loan where the government does not pay the interest.
What is an unsubsidized loan
Money received, especially on a regular basis, for work or through investments
What is income
The maximum possible credit score
What is 850
The standard repayment plan for student loans in years
What is ten
A typically suggested percentage of income you should be saving
What is 10%
The smallest amount you can pay on your credit card and still stay current.
What is minimum payment?
A repayment plan based on a percentage of your disposable income
What is income-based or income-contingent repayment
The amount of income that a household or individual has to invest, save or spend after taxes and necessities are paid
What is discretionary income?
The most important weight in determining an individual's credit score
What is payment history?
The current interest rate for new federal direct loans
What is 3.76%
The five criteria used to guide goal setting, typically referred as SMART.
What are specific, measurable, agreed-upon, realistic, time-bound?
The names of the three major credit reporting bureaus
What are Experian, TransUnion, and Equifax?