Student Loans

Which of the following financial packages has the lowest total cost to the student?

25% academic scholarship, 50% Grants, 25% subsidized loans

Why is a subsidized student loan more advantageous than a non-subsidized loan?

Subsidized loans usually have lower interest rates and a period of time after graduation where payments are not required

Which of the following types of financial assistance does not need to be paid back?

grant

What is the likely impact of filing bankruptcy on a student loan?

none of the answers are correct

When asked "How much should I borrow in student loans?" the CFPB (Consumer Financial Protection Bureau) said this.

try not to accumulate more total student debt than you expect to earn as a starting annual salary when you leave school