Employment and Education

Question 1

Which statements accurately describe federal student loans? Choose all that apply.Federal loans usually have a fixed interest rate.Federal loans usually have a variable interest rate.Federal loans are borrowed from the US government.Federal loans are borrowed from banks or other private institutions.Federal loans come in two main types—subsidized and unsubsidized.

Revolt · Accepted Answer

Federal loans usually have a variable interest rate.

Question 2

Subsidized✔ UnsubsidizedPrivate

Revolt · Accepted Answer

✔ Unsubsidized

Question 3

✔ subsidizedunsubsidizedprivate

Revolt · Accepted Answer

✔ subsidized

Question 4

Choose the word or phrase that best completes each sentence.

Revolt · Accepted Answer

✔ Private; loans have variable interest rates and are usually borrowed from a bank.: Private; Loans that do not require students to pay interest while in college are loans.: subsidized; loans are federal loans that require students to pay interest while in college.: Unsubsidized; If a student demonstrates financial need, they may be awarded a loan.: subsidized

Question 5

✔ subsidizedunsubsidizedprivate

Revolt · Accepted Answer

✔ subsidized

Question 6

Based on the reading, what is the key difference between subsidized and unsubsidized student loans?

Revolt · Accepted Answer

Students do not pay interest on subsidized loans while in college.

Question 7

Based on the reading, which statement best describes private student loans?

Revolt · Accepted Answer

The interest rate on private loans can change over time.

Question 8

Based on the reading, which statement about grants is correct?

Revolt · Accepted Answer

Grants are low-interest federal loans.

Question 9

What is the difference between Pell Grants and TEACH Grants?

Revolt · Accepted Answer

Pell Grant recipients are not eligible for ACGs, while TEACH Grant recipients are.

Question 10

Which sources of funding might be awarded to a student who completes a FAFSA? Check all that apply.federal subsidized loansfederal unsubsidized loansprivate loansTEACH GrantsPell Grants

Revolt · Accepted Answer

federal subsidized loans; federal unsubsidized loans; Pell Grants

Employment and Education Answers

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