College Grants and loans

Unsubsidized

A loan that will charge you interest from the start

Subsidized

A loan where you will not be charged any interest before you begin repayment

Interest

A percentage of the amount loaned which is a charge for the use of the money

Grace period

A time when there is no obligation to repay your loan

Federal Pell Grant

Assistance from the government which is not to be repaid

Official permission to postpone the payments of a loan is known as a

Deferment

Default

Failure to fulfill a financial obligation

A blank is assistance from the government which is not to be repaid; the assistance may be thousands of dollars

Federal Pell Grant

Financial aid

Financial assistance for the potential college student.

Financial student aid

Government financial help; it may be in the form of a grant or a loan

Deferment

Official permission to postpone the payments of a loan

Although it is a good idea to pursue financial aid, the Christian teen ought to be diligent to get a job and save as much money as possible. "In all labour there is profit: but the talk of the lips tendeth only to penury. The hard worker will be able to meet many financial goals. This work ethic principle is found in blank

Proverbs 14:23

What is Expected Family Contribution

The amount of money you and your family will contribute to your college education

Expected Family Contribution

The assumed amount that the family will contribute to the students college tuition

Capitalized

The intrest is added to the principal amount of your loan

If you receive a subsidized loan you will not be charged any interest before you begin repayment

True

Which type of federal student aid is being described below? This aid is not awarded on basis of financial need and is not interest free. The government will charge you interest from the start, making it important to pay interest as it grows

Unsubsidized loan