Across
- 4. Your loan is in __________ when you can reduce your monthly payment or stop making payments for up to one year. This may also take place during large-scale emergencies, like covid-19.
- 5. __________ occurs when you fail to make the required loan payments for more than 270 days.
- 6. You have a 6 month _________ period after graduating from college during which you do not have to repay your loans.
Down
- 1. The amount of outstanding student loan debt totals $1.6 __________.
- 2. On top of paying back the amount you borrowed (principal), you will also be charged __________. This tells you the rate at which your loan will grow.
- 3. The act of paying back money to your lender