All categories

3 years ago

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

Business

2 answers:

zepelin [54]3 years ago

6 0

Option A is correct. Unsubsidized loan payments require the loan payment while attending the school.

Further Explanation:

Unsubsidized federal loan:

The federal government gives the loan to students for their higher education. The federal government gives these loans to those students who are not capable of financing the higher education itself. There are two types of loan, one is subsidized federal loan and the other is unsubsidized federal loan. The basic difference of subsidized and unsubsidized federal loan is the interest payment.

Justification for the correct and incorrect answer:

Unsubsidized federal loan: This is the correct option.

The payment of interest in the unsubsidized federal loan is made during the tenure of the study program. So, this option is correct.

Subsidized federal loan: This is an incorrect option.

The payment of interest in the subsidized federal loan is made when the study program will complete. So, this option is incorrect.

Pell Grant: This is an incorrect option.

Pell grant refers to a type of subsidy provided by the federal government. The person who avails the Pell grant, does not require to pay any type of interest. So, this option is incorrect.

None of the above: This is an incorrect option.

Unsubsidized federal loan is the correct option. As one of the above options is correct, this option ultimately becomes incorrect.

Learn more:

1. Learn more about loaning the money

brainly.com/question/1373941

2. Learn more about the collateral security

brainly.com/question/9913858

3. Learn more about the capitalization amount

brainly.com/question/2768526

Answer details:

Grade: High School

Subject: Business Studies

Chapter: Type of loans

Keywords:

Loan, study loan, a student program, loan for study, two type, requires, you to make, loan payments, while, attending school, unsubsidized federal loan, subsidized federal loan, Pell grant, interest payment, complete, none of the above.

photoshop1234 [79]3 years ago

4 0

Subsidized federal loan

You might be interested in

On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet inform

maw [93]

Answer:

The $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition

Explanation:

According to the accounting principles, the inventory is recorded at the cost or fair market value whichever is lower.

The inventory balance which is given in the balance sheet is $75,000

And, its fair market value is $60,000

So, the inventory would be recorded at 60,000

The other items which are given in the question are irrelevant. Therefore, we don't consider them in the computation part. Thus, we ignored them.

Hence, the $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition

4 0

3 years ago

Which of the following statements is true of entrepreneurs?

Sindrei [870]

The answer is "B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."

An entrepreneur is a person who, as opposed to functioning as a worker, establishes and maintains a private company, expecting every one of the dangers and prizes of the endeavor. The business visionary is generally observed as a pioneer, a wellspring of new thoughts, merchandise, administrations and business/or techniques.

Entrepreneurs assume a key role in any economy. These are the general population who have the right stuff and activity important to foresee present and future needs and put up great new thoughts for sale to the public.

8 0

3 years ago

Read 2 more answers

What happens to the interest rate after six months for credit card #1? 2. Which credit cards have an annual fee? 3. Is the grace

Andrews [41]

If you use a credit card and don't know the ins and outs of the grace period, you risk taking an awkward financial pratfall. Capitalizing on the grace period's break on interest charges can save the typical cardholder a couple hundred bucks a year. But the savings aren't automatic and, according to an October 2013 report by the Consumer Financial Protection Bureau, it's "unclear whether consumers understand" the grace period's wily ways. "It's basically an interest-free period, but only if you pay your balance by the due date," said Nessa Feddis, general counsel at the American Bankers Association. Learn to use grace period What it is: The grace period is the window of time from the end of your billing cycle to the due date for that cycle. Paying your new balance in full by the due date triggers a break on interest on new purchases during the current billing cycle -- if you pay in full consistently. While the grace period is referred to as an interest free period, the break on interest extends to the dates that purchases are made and posted to your balance. Wiping out your monthly balance sounds simple, but it can be tricky if you don't already make a habit of it. Regaining the benefits of the grace period after even one month of carrying a balance can be confusing. And there are exceptions and pitfalls to watch out for. Paying in full during the grace period doesn't give you a break on cash advances or convenience checks, which, unlike purchases, usually begin building up interest immediately. Some balance transfers may also be excluded from a grace period, depending on the terms of your card. Grace period is a holdover Credit cards aren't required to provide a grace period, but almost all of them do, with the typical period being at least 25 days -- the norm for major issuers. If your due date falls on a weekend, the deadline extends to the next business day. Cards that do provide a grace period are required to mail your bill at least 21 days before your payment due date, under the CARD Act. "It's a holdover from the origins of credit cards," Feddis said. "People would make a purchase at the store (on credit), and stores would allow people to pay at the end of the month." The local grocer probably didn't want to calculate interest with a pencil stub on a brown paper bag, any more than his customers wanted to pay it. These days, calculating a daily periodic rate is a breeze for computers, yet most card companies continue to offer a grace period "because people are accustomed to it," Feddis said. If you currently struggle to make the minimum monthly payment on your cards, it will take some work on your budget to get to the point where you can pay in full and qualify for the grace period. About 18 percent of Americans pay the minimum due each month, according to an analysis by the credit bureau TransUnion. At the other end of the spectrum, 42 percent regularly pay their full balances, capturing the benefit of the grace period's "free" loan from their credit cards. That leaves 40 percent in the middle who pay more than the minimum, but less than the full balance. Paying more than the minimum is never a bad idea -- it will always reduce your interest costs. But if your budget allows, paying enough to wipe out your monthly balance entirely will boost your savings quite a bit more

7 0

3 years ago

Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at shor

Kitty [74]

Because the statute penalizes the person committing the crime as well as the employer whose employee committed the crime, Chris can be held liable, and the company that we works for (Watkins) can be held vicariously liable under the statute.

5 0

3 years ago

Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bond

Ivan

Answer:

The answer is: $18,289.50

Explanation:

The interest earned from the investment in Birmingham Bonds is not included in Mitch's gross income.

If Mitch earned $100,000, so he will fall under the fourth bracket for single filers.

He will have to pay $14,089.50 plus 24% of any income over $82,500.

taxes due = $14,089.50 + [($100,000 - $82,500) x 24%]

taxes due = $14,089.50 + $4,200 = $18,289.50

6 0

3 years ago