Which statement or statements accurately describe characteristics of subsidized Stafford loan? I. Grace period during which payments are not due II. Based on student need III. Student is responsible for all interest for the lifetime of the loan. A. I only b. II only c. I and II d. I and III.

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01-03-2022
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Which statement or statements accurately describe characteristics of subsidized Stafford loan? I. Grace period during which payments are not due II. Based on student need III. Student is responsible for all interest for the lifetime of the loan. A. I only b. II only c. I and II d. I and III.

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SuchetasVTidn SuchetasVTidn · Answer 1 · 2022-03-10T05:59:02-05:00

Subsidized Stafford loan is provided to students who are in need of funds for study purposes and during the grace period, payments are not due on the loan amount. Thus Option C. is the correct answer.

What is a Subsidized Stafford loan?

Stafford Loans were available both as Subsidized and Unsubsidized loans. Subsidized loans are given to students based on the indicated financial need (see Expected Family Contribution).

The interest on the loan is paid by the federal government while the student is in school and during the official postponement.

Therefore, Option C. I and II are the correct answers; Grace period during which payments are not due and Subsidized Stafford loan is provided on the basis of students' need.

To learn more about Subsidized Stafford loans, refer to the link:

https://brainly.com/question/26505537

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What is a Subsidized Stafford loan?

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