Ch 7 Vocab

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Across
  1. 2. federal student loans that are based on a student’s financial need and don’t accrue interest for a set period of time
  2. 3. an undergraduate degree from a college or university, usually after completing four or five years of study
  3. 8. federal student loans that aren’t based on a student’s financial need and start accruing interest immediately
  4. 9. loans made by banks, credit unions, or other organizations with terms and conditions set by the lender including higher or variable interest rates
  5. 11. (College-Level Examination Program) a set of tests that qualify students to earn college credit if they pass them
  6. 16. any form of financial aid that doesn’t need to be repaid
  7. 17. all education that takes place after high school, including university, college, community college, certification, or trade school
  8. 18. a two- or three-year, postsecondary, undergraduate degree
  9. 19. a document that shows whether or not you are eligible for federal student aid
  10. 20. the percentage of the labor force, or a specific demographic, who are jobless and who are looking for work
Down
  1. 1. the total cost of education expenses needed for a student to attend an educational institution
  2. 4. when debt payments are held off for or until a certain time and no interest accrues
  3. 5. (ROI) measures the gain or loss generated on an investment relative to the amount of money invested
  4. 6. debt payments are held off for or until a certain time but interest continues to accrue
  5. 7. a letter sent by a college or university that explains attendance costs and details about a student’s financial aid package
  6. 10. a program that allows students to work part time while continuing their studies
  7. 12. financial aid that does not need to be repaid; usually awarded based on achievements
  8. 13. loans made by the government with terms and conditions set by law; often have a lower fixed interest rate
  9. 14. the federal application required to receive any financial aid, including scholarships, grants, or loans offered through a college or university
  10. 15. financial aid that does not need to be repaid; usually awarded based on financial need
  11. 17. a course that needs to be completed before a student can enroll in a second course
  12. 21. an award presented to students who display high educational excellence