Question

Oliver is looking to go to college. His family does not have very much money, so he qualifies for need-based financial aid. Oliver needs to spend most of his time working at his full-time job, so he will only be able to take a few classes per semester. Oliver’s parents have poor credit scores and cannot afford to take on any more debt. Based on Oliver’s situation, recommend a federal loan which would be appropriate for him.

Answer 1

Based on Oliver's situation and his parents poor credit score, a recommended federal loan that could be appropriate for him would be the Subsidized Stafford Loan. This loan is based on financial need. The interest is paid for by the government while Oliver would be in school.