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Arada [10]
4 years ago
12

A. subsidized b. unsubsidized c. grants 1. this type of federal financial aid generally does not have to be paid back: _________

______ 2. to qualify for this type of federal loan, a student must show demonstrated financial need: ____________________ 3. with this type of federal loan, you are responsible for interest accruing as soon as the loan is disbursed: _____________________
Business
1 answer:
Umnica [9.8K]4 years ago
8 0

Answer

1. c.  Grants

2. b. Subsidized financial loans

3. a. Unsubsidized financial loans

<u>Grants:</u> refer to funds that are given by grant makers to individuals for a specific purpose. These funds are not repayable. Most of the grants require compliance to certain conditions and regular reporting.

<u>Subsidised Federal loans:</u> refer to loans that are given to students who need financial aid for and other college expenses. Interest on this loan doesn't fall due until the time limit (150% of the program's tenure) on the loans is over.  This loan is available only to undergraduate students

<u>Unsubsidized federal loans:</u> are loans on which interest begins to accumulate as soon as the loan is disbursed. These loans are available to graduate and  undergraduate students.

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