Loans Flashcards by Jeanine Masciola

Q

What is the main determinant of whether or not you get offered a loan?

A

Your financial need

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Q

Which loan is the one to take out first if you need to take out a loan?

A

Subsidized

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Q

What are the three different types of government loans?

A

Stafford Subsidized, Stafford Unsubsidized, and Perkins

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Q

Which loan does the government pay interest on while you are in school?

A

Subsidized

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Q

How long after graduation do you have before you have to start paying back a government loan?

A

6 months

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