The Economy

2. a need-based federal financial aid program for undergraduates from low-income families.
4. a type of economic system where supply and demand regulate the economy, rather than government intervention.
5. a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence.
6. federal loans that graduate or professional degree students or parents of dependent undergraduate students can use to help pay for education expenses
7. the study of individuals, households and firms' behavior in decision making and allocation of resources.
9. the amount of a specific good or service that's available in the market and the amount of the good or service that customers want to buy.
10. the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy
12. the increase or decrease in the cost of producing one more unit or serving one more customer.
14. the added satisfaction that a consumer gets from having one more unit of a good or service.
16. a cost of borrowing money, expressed as a percentage of the amount borrowed.
18. given to undergraduate students who demonstrate financial need. You won't pay or collect interest while you are in school and during the grace period after you leave school.
19. the official form to apply for federal financial aid to pay for college

1. loans for both undergraduate and graduate students that are not based on financial need. Eligibility is determined by your cost of attendance minus other financial aid. Interest is charged during in-school, deferment, and grace periods
3. this demonstrates how money moves through society
8. money or benefits lost by not selecting a particular option during the decision-making process
11. financial support awarded to a student, based on academic achievement or other criteria that may include financial need, for the purpose of schooling.
13. the demand for a good or service is greater than the availability of the good or service.
15. financial motivations for people to take certain actions.
17. the amount it will cost a student to go to school. Includes tuition, room and board, books, supplies transportation and other expenses