Which statement or statements accurately describe characteristics of subsidized stafford loan? i. grace period during which payments are not due ii. based on student need iii. student is responsible for all interest for the lifetime of the loan. a. i only b. ii only c. i and ii d. i and iii

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11-04-2022
Business

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Which statement or statements accurately describe characteristics of subsidized stafford loan? i. grace period during which payments are not due ii. based on student need iii. student is responsible for all interest for the lifetime of the loan. a. i only b. ii only c. i and ii d. i and iii

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marvineetesh3 marvineetesh3 · Answer 1 · 2022-04-14T08:14:09+02:00

The statements that describe the feature of the Stafford Loan is that the loan is totally based upon the needs of the students and the payment Payments are not payable during the grace period.

Option C is correct.

What is Stafford Loan?

A Stafford Loan was a student loan provided by the United States Department of Education to qualifying enrolled students in registered American institutions of higher education.

This type of loan is totally depending upon the needs of the students, as many students are available for demanding the education loan for the different courses.

The main feature of this type of loan is that, the Payments are not payable during the grace period, as the students can repay the loan amount after their education.

Therefore, option C is correct.

Learn more about the Stafford Loan, refer to:

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