Business, 19.01.2020 13:31 Wolfie215

Which loan type requires you to make loan payments while you’re attending school?
a]unsubsidized federal loan
b]subsidized federal loan
c]pell grant
d]none of the above

Answers: 2

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Answers

Answer from: wcraig1998

D?but not sure

Answer from: cireland

Option A is correct.

Unsubsidized loan payments require the loan payment while attending the school.

Further Explanation:

Unsubsidized federal loan:

An unsubsidized federal loan is a study loan provided by the federal government. Unsubsidized federal loan is available for graduate courses and undergraduate courses. The student does not require proving the financial need for the loan. The limit of the loan is determined by the school.

Justification for the correct and incorrect

Unsubsidized federal loan: This is the correct option.

The unsubsidized federal loan requires the payment of interest during the tenure of the study program.

Subsidized federal loan: This is an incorrect option.

The interest payment starts after the completion of the study program.

Pell Grant: This is an incorrect option.

Pell grant is not a loan. It is a subsidy provided by the federal government.

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

2. Learn more about the collateral security

3. Learn more about the capitalization amount

Answer details:

Grade: High School

Subject: Business Studies

Chapter: Type of loans

Keywords:

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

Answer from: Quest

answer; enforce the rules;

Answer from: Quest

answer/// there is an inverse relationship between price and quantity demanded;

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