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personal finance
| Question | Answer |
|---|---|
| What does financial need mean? | Financial need means the difference between the cost of attending a particular school and the expected |
| Define Deferment | Postponement of payment on a loan allowed under certain conditions when interest does not accrue |
| Define Scholarship | Money awarded to students that does not have to be repaid and is based on academic or other achievements |
| Define Loan Default | Failure to pay a loan according to the agreed upon terms. |
| Define Forbearance | Stop or reduce loan payments for a short period of time while interest still accruing |
| Define Subsidized Loan | A need-based loan from the federal government, the interest of which is paid for by the U.S. Department of education |
| Define Grant | A tax-exempt financial aid that may be given for many purposes not necessarily just for education |
| what does FAFSA stand for? | Free financial aid calculator that provides an early estimate of federal student aid eligibility |
Created by:
haleybug200
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