Student Loans Vocab
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+3
Standards-aligned
Wayground Content
FREE Resource
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the loan term for federal student loans?
Back
10 years, with options for extended terms up to 25 years.
2.
FLASHCARD QUESTION
Front
What are loans made/funded by private lenders, such as banks and online lenders called?
Back
Private Student loans.
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 type of loan is distributed that is not based on financial need and accrues interest from the time it is disbursed?
Back
Unsubsidized loan.
4.
FLASHCARD QUESTION
Front
What is money borrowed to help pay for school costs with the expectation of repayment called?
Back
Student loan.
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
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
6.
FLASHCARD QUESTION
Front
What is a loan that is based on financial need and does not accrue interest while the student is in school?
Back
Subsidized loan.
7.
FLASHCARD QUESTION
Front
What is the maximum amount a student can borrow through federal student loans?
Back
It varies based on the student's year in school and dependency status.
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