financing higher education vocab

4. a type of loan that the interest is not paid by the government.
7. money that is gifted or awarded to students to help pay for education.
10. a period of time on which the loan is suspended because the borrower meets certain requirements.
15. cost of housing and food while attending college or career school.
16. expense paid by students for instruction at school.
17. a financial award given by a government agency to a individual or group for a specific task.
19. a period of time on where you don't get charged on your account.

1. one of the most common types of federal loans, awarded based on the limits and financial need of the student.
2. a plan that indicates how you will pay back and when you will back your loan.
3. a program on where you work to earn money for your studies.
5. a type of loan that the interest is paid by the government while the student is in school.
6. stands for Free Application for student aid.
8. loans given by private companies that have high interest rates.
9. a loan that is given by the government with low interest rates.
11. different methods for paying for education.
12. stands for Expected family contribution.
13. a loan that has a 10 year repayment period and a set 5% interest rate.
14. something that is borrowed, usually a sum of money that is expected to be paid back with interest.
18. an agreement that the lender will reduce monthly payments for the homeowner at risk, that does not alter the original loan terms.