Preview

Subsidized Loan In College

Good Essays
Open Document
Open Document
231 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Subsidized Loan In College
A subsidized loan is a loan that a student can receive based on his or her need for the loan. This loan will not accrue interest while the student is attending school as long as the student is attending at least half-time classes. In contrast, and unsubsidized loan requires that the student pay the interest on the loan for the lifetime of the loan. This loan would be the one that I would be the most careful about taking because it will cost the most in the long run.

A student may be eligible for a refund of his or her financial aid once several conditions have been met. The first is that the financial aid has been posted to his or her account. The second requirement is that all book charges must have been turned in. Next, the students
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    K Price Gen201 R2 Responsible Borrowing
    • 730 Words
    • 3 Pages

    K Price Gen201 R2 Responsible Borrowing

    How do grants differ from loans? Grants are money you don’t have to repay and are usually based on your financial need while loans are money you borrow that you must pay back, usually with interest costs. The major grants are Cal Grants, federal Pell Grants and some smaller federal grants. There are low-interest federal student loans as well as federal parent loans to help pay for their child’s education.…

    • 730 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Ripping Off Young America: The College-Loan Scandal
    • 586 Words
    • 3 Pages

    Ripping Off Young America: The College-Loan Scandal

    The article, Ripping Off Young America: The College-Loan Scandal is an article casting light on the dire circumstance of the student loan market. The author, Mike Taibbi, is a notable journalist and columnist for Rolling Stone. A classic Bill Maher pundit, Taibbi wrote this article in August slamming the state of higher education and the dangerous upward spiral of tuition costs, and the government’s willingness to lend to increasingly risky borrowers.…

    • 586 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Student Loan Forgiveness Act
    • 118 Words
    • 1 Page

    Student Loan Forgiveness Act

    Obama student loan forgiveness act is an edit on an older program called “Direct Loan Program” Signed by Obama in 2010. Only the federal loans are prone to the advantages & constructed by Obama student loan forgiveness act. The private loans are not prone to these changes nor to these jurisdictions. With a top notch political maneuver, Obama managed to give subsidies to private lending institutions. Borrowers now are qualified to pay 10% of their discretionary wage; Not only that, but new borrowers are prone to forgiveness after 20 years, and not 25 years. Money will be used for the greater good, like improving education, and to fund the poor and the minorities.…

    • 118 Words
    • 1 Page
    Good Essays
    Read More
  • Good Essays

    Financing College Critique
    • 289 Words
    • 2 Pages

    Financing College Critique

    Financing college is of the more difficult decisions one will make in life, even though, for some, such is one of the easiest. Seemingly stable, federal funds are, in actuality, a better option opposed to private loans. One must not forget, as with private loans, the financial obligation thereafter the differed period has ended, however. Another option, for qualifying persons, is federal issued grants; which should be one’s initial choice in financing college, after all applicable scholarships considered.…

    • 289 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    responsible borrowing
    • 494 Words
    • 2 Pages

    responsible borrowing

    How do grants differ from loans? Grants differ from loans because Grants are money that’s awarded to you which is something like a scholarship. Now Loans are funds that the student or parent borrows to help out with college cost, but with loans you have to pay them back with interest.…

    • 494 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    The Pros And Cons Of Student Loans
    • 1941 Words
    • 8 Pages

    The Pros And Cons Of Student Loans

    Student loans are a savior and a demon put together into one by the government. On one side student loans have numerous amounts of pros that shine a golden light on the loans making them look as if they are a savior to humanity. Some of these prospects include the hassle free process it takes to actually get a student loan, the boost of your credit score if you can pay it off in the allotted time, and they open up the opportunity for anyone to go to college. On the other side of the spectrum student loans are horrible plagues on society. The student loans can be bad in the cases of putting the person in extreme debt, ruining their credit if the person cannot pay, and even ruining the person’s mental health.…

    • 1941 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Student Debt Affecting College Student Loans
    • 381 Words
    • 2 Pages

    Student Debt Affecting College Student Loans

    Student loans become something that students have to worry about for the rest of their lives. Debt will affect a lot of things in their life that college students don’t think about. A lot of students do not realize that they must back the loan plus interest, the interest on some loans can end up being more expensive than the loan itself. After school, they must find a job, pay for living expenses, and pay off their loans. People take on massive amounts of debt and they don’t think of the consequences. They end up with so much debt that it takes them their entire lives to pay off the loans and money they borrowed. Dwyer, et al. writes that taking out loans makes it more likely that a student will complete college, to a point. Students who keep…

    • 381 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Why College Should Be Cheaper
    • 611 Words
    • 3 Pages

    Why College Should Be Cheaper

    The interest a student will pay alone is several thousand dollars on top of the actual loan itself. There are two types of loans from the government, subsidized loans and unsubsidized loans, unsubsidized loans are considered private as subsidized loans are not. The interest rate will vary for each individual loan. For instance, this year the fixed loan rate for unsubsidized Stafford loan is 6.80%, as the subsidized is fixed at 3.40% undergraduate(USA Funds). This is very expensive and puts most students in debt for an average of 10 years (College Clac).…

    • 611 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Gen200 R4 Responsible Borrowing 2

    • 570 Words
    • 3 Pages

    Gen200 R4 Responsible Borrowing 2

    How do grants differ from loans? Grants are money you don't have to repay and are usually based on your financial need while loans are money you borrow that you must pay back, usually with interest costs. The major grants are Cal Grants, federal Pell Grants and some smaller federal grants…

    • 570 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Student Financial Aid Appeal Letter Essay
    • 456 Words
    • 2 Pages

    Student Financial Aid Appeal Letter Essay

    I am appealing my financial aid suspension because of difficulty completing my courses. Last semester was my third at KU. I believe that my lack of focus due to having an unannounced 4 year old daughter I just discovered in October of last year and my grandma died soon after. My past records show I have met the Satisfactory Academic Progress I just had a bad semester due to personal issues. Personal issues of this sort are very rare that’s why I feel I should be given another shot at my financial aid. I feel it’s a privilege to even have it since everyone is not able to get it. Without financial aid I would not be able finish my career of running or my educational success at The University of Kansas.…

    • 456 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    Manageable Student Loans
    • 919 Words
    • 4 Pages

    Manageable Student Loans

    The choices students have to reduce the amount they borrow are grants, financial aid, scholarships, employer tuition benefits, military benefits, veteran’s education assistance, monetary gifts, and increasing the monthly personal contribution. Some of these options don’t require you to pay them back. Your employer may help you pay for your education. They can also team up with UOP to pursue your higher education goals at a reduced…

    • 919 Words
    • 4 Pages
    Better Essays
    Read More
  • Good Essays

    Student Debt Benefits
    • 829 Words
    • 4 Pages

    Student Debt Benefits

    Being a college student is one of the most stressful and time consuming jobs any person can have. Getting good grades, being in clubs, and working a job all at the same time can leave your schedule fully booked and can have many people overwhelmed. On top of all that, student loan debt can follow you throughout your entire life and can impact future career options. After just one semester I can tell anyone that college is not only a full time job but it may just be the most important jobs you can have in your entire life. I believe I should receive the DMACC foundation scholarship because of my academic achievements thus far and the numerous other organizations I am a part of.…

    • 829 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    College Debt And College Tuition
    • 325 Words
    • 2 Pages

    College Debt And College Tuition

    This article summarizes that college debt keeps increasing every year because college tuition is getting more and more expensive. They also say that each university tries to see what money they can bring in to help students pay for tuition. When students get out of college they have to pay the debt back after a six month period grace. To cut some of the costs they are trying to combine some of the colleges together so the tuition rates are not as high, as if they were separate universities. Now that technology keeps getting more advance each year, people are starting to take their degrees online, because they can get there degree quicker.…

    • 325 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Affordable College Tuition
    • 249 Words
    • 1 Page

    Affordable College Tuition

    In my eyes, affordable college tuition will be the best breakthrough between now and 2025. Although the idea of this sounds absurd because of how high tuition can be these days, I feel as though it is necessary for everyone in this country and other countries as well to have equal opportunities to receive a college diploma. Cost of attending a four year university is out of reach for a vast majority of young people today. Kids my age are forced to base their college choices purely on whether they either can afford to go, or can graduate with an acceptable amount of debt. By making college affordable for each individual, the opportunities for everyone will be much more extensive. This breakthrough in our society will be the best because it will,…

    • 249 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Letter of Appeal
    • 862 Words
    • 4 Pages

    Letter of Appeal

    Due to my morning sickness I had a hard time participating in class. It was hard for me to continue coming to class so I decided to withdraw from my classes. This is not a decision I wanted to make but I could not find any other way to deal with my morning sickness and being that it was my first time being pregnant I did not know how to handle the situation. Today my daughter is four years old and I am trying my very best to give her a good future by finishing what I’ve started which is going back to school to become a nurse. It would really mean so much to me if you can reinstate my financial aid.…

    • 862 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics