Business, 04.12.2019 19:31 courtlyn8

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: hector87

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

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.

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.

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.

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.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Iguess you must be confident and have the qualifications do this job you go

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

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