loan basics
This type of student loan does not have to be paid back.
What is a grant?
This application helps determine eligibility for financial aid.
What is this FAFSA?
This is extra money charged for borrowing a loan.
What is interest?
Most student loans begin repayment after period following graduation.
What is the grace period?
Experts recommended borrowing only what you need for these expenses.
What are educational expenses?
Money borrowed for college that must be repaid with interest.
what is a student loan?
FAFSA stands for this.
What is Free application for federal student Aid?
A lower interest rates means you may this over time.
what is less money?
This repayment option bases monthly payments on your income.
What is an income-driven repayment plan?
Comparing schools and tuition costs can help reduce this after graduation.
What is debt?
These loans are offered by the government and usually have lower interest rates.
What are federal student loans?
This type of aid is based on financial need.
what is need-based aid?
interest that is added to the original loan amount over time is called this.
What is compound interest?
Failing to make loan payments can hurt this score.
What is your credit score?
A scholarship is different from a loan because it does not need to be this.
what is repaid?
This person may help pay back your loans if you cant.
what is a co-signer?
You should submit your FAFSA as early as possible because some aid is given on this basis.
What is first come, first serve?
This type of loan keeps the same interest rate for the life of the loan.
What is a fixed-rate loan?
This happens when you fail to repay your loan for a long period of time.
What is default?
Working part time while in school may help students avoid borrowing this much.
What are larger loans?