Across
- 2. A business owned by two or more people and operated for profit
- 3. This person agrees to pay back the loan if the borrower is unable to do so
- 7. A loan that the federal government funds and makes available to students
- 9. When no payment is required on a loan
- 11. A report sent to a family after its FAFSA is processed
- 12. An organization or person that extends credit to a consumer
- 14. A separate legal entity created by law that has the power of an individual
- 16. Money used to build, run, or grow a business
- 17. When interest builds up, or adds to the principal
- 19. The amount of tuition a family is expected to personally cover based on financial information
Down
- 1. Money to cover a loan in the event the borrower dies before the loan is paid
- 2. Requires borrowers to pay a fee if they wish to pay back an entire loan before the due date
- 4. Allows the borrower to make payments before the due date to reduce the amount of interest
- 5. A business owned by one person and operated for a profit
- 6. A specialized institution that provides students with the necessary skills to be successful at a particular job
- 8. A person who uses credit
- 10. A loan issued by a bank, credit union, school, or state agency
- 13. An agreement that outloans the term of the loan
- 15. Free Application for Federal Student Aid
- 18. "Buy now, Pay later"