Student Loans Vocab
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Easy
+7
Standards-aligned
Wayground Content
Used 1+ times
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a student loan?
Back
Money you borrow to help pay for costs associated with school, with the expectation that you will pay that money back in the future.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
FLASHCARD QUESTION
Front
Who can qualify for a private student loan?
Back
Students enrolled in eligible programs with good credit or a co-signer.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
3.
FLASHCARD QUESTION
Front
What can student loans be used for?
Back
Student loans can be used for tuition, books, supplies, and living expenses.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
Front
What is an unsubsidized loan?
Back
Loans distributed that are not based on financial need; you are responsible for the interest from the time the loan is disbursed until it is paid in full.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
FLASHCARD QUESTION
Front
What is a subsidized loan?
Back
Loans distributed based on determined financial need; these loans do not accrue interest while you are in school at least half-time or during deferment periods.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
FLASHCARD QUESTION
Front
What is the difference between subsidized and unsubsidized loans?
Back
Subsidized loans are based on financial need and do not accrue interest while in school, while unsubsidized loans accrue interest from the time they are disbursed.
7.
FLASHCARD QUESTION
Front
What is a grant?
Back
A form of financial aid that does not need to be repaid, often based on financial need.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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