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

I think c but i could be wrong. Hope I'm right tho!!
I believe (A. Unsubsidized federal loans) is correct
Hello User

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

B.  Subsidized federal loan

I hope I helped
-Chris
D) None of the above.
B. Unsubsidized federal loan.
A:Unsubsidized federal loan
A. Unsubsidized federal loan

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 of the loan. The limit of the loan is determined by the school.  

The interest starts accruing when the student enrolls in the program, or the loan is disbursed to the student. The borrower is liable for the payment of the interest during the school time in the following cases:

The student is attending the school for the half time of the duration of the program. First six months after the graduation (grace period). During the period of deferment.

Therefore, unsubsidized loan payments require loan payment while attending school.  

A.

Unsubsidized federal loan: This is the correct option. The unsubsidized federal loan requires the payment of the interest during the tenure of the study program.

B.

Subsidized federal loan: This is an incorrect option. The interest payment starts after the completion of the study program.

C.

Pell Grant: This is an incorrect option. Pell grant is not a loan. It is a subsidy provided by the federal government.

D.

None of the above: This is an incorrect option. Unsubsidized federal loan is the correct option.

Learn more:

1.Learn more about loaning the money

2.Learn more about the mortgage payment

3.Learn more about the lifetime cost of the study loan

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.

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

A.

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.  

B.

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.  

C.

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.  

D.

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, 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.

Unsubsidized federal loans requires you to make loan payments while attending school. With unsubsidized loans, students accumulate interest and are responsible for paying it all off, the interest will keep adding until the loan is paid off. These loans are on the low-cost, fixed rate side of the loan spectrum. the answered to your question is a I think?



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