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4 years ago

Which loan type requires you to make loan payments while you're attending school?

Business

2 answers:

GREYUIT [131]4 years ago

7 0

Option A is correct.

Unsubsidized loan payments require the loan payment while attending the school.

Further Explanation:

Unsubsidized federal loan: An unsubsidized federal loan is a study loan provided by the federal government. Unsubsidized federal loan is available for graduate courses and undergraduate courses. The student does not require proving the financial need of the loan. The limit of the loan is determined by the school.

The interest starts accruing when the student enrolls in the program, or the loan is disbursed to the student. The borrower is liable for the payment of the interest during the school time in the following cases:

The student is attending the school for the half time of the duration of the program.
First six months after the graduation (grace period).
During the period of deferment.

Therefore, unsubsidized loan payments require loan payment while attending school.

Unsubsidized federal loan: This is the correct option. The unsubsidized federal loan requires the payment of the interest during the tenure of the study program.

Subsidized federal loan: This is an incorrect option. The interest payment starts after the completion of the study program.

Pell Grant: This is an incorrect option. Pell grant is not a loan. It is a subsidy provided by the federal government.

None of the above: This is an incorrect option. Unsubsidized federal loan is the correct option.

Learn more:

1. Learn more about loaning the money

brainly.com/question/1373941

2. Learn more about the mortgage payment

brainly.com/question/3073010

3. Learn more about the lifetime cost of the study loan

brainly.com/question/1757741

Answer details:

Grade: High School

Subject: Business Studies

Chapter: Type of loans

Keywords: Loan, study loan, a student program, loan for study, school, college, loan type, requires, you to make, loan payments, while, attending school, unsubsidized federal loan, subsidized federal loan, Pell grant, none of the above.

aleksandr82 [10.1K]4 years ago

3 0

Unsubsidized federal loans requires you to make loan payments while attending school. With unsubsidized loans, students accumulate interest and are responsible for paying it all off, the interest will keep adding until the loan is paid off. These loans are on the low-cost, fixed rate side of the loan spectrum.

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