Fill in the blanks to provide the correct information. COUNSELOR: Eileen, I understand that you need additional aid to p
Posted: Sun Jul 03, 2022 12:56 pm
- Fill In The Blanks To Provide The Correct Information Counselor Eileen I Understand That You Need Additional Aid To P 1 (38.03 KiB) Viewed 10 times
Blank 1: perkins, PLUS, stafford
Blank 2: parent loan, stafford loan
Blank 3: will, will not
Blank 4: opening a checking account at the bank that makes theloan, an origination fee, providing collateral
blank 5: higher, lower
blank 6: a set percentage of our gross income, the cost ofattendance less her current loan
blank 7: a set dollar amount, the cost of attendance less theother financial aid eileen receives
blank 8: when eileen earns her degree, after eileens firstsemester of study, immediately
blank 9: after eileens first semester of study, within 60 daysof receiving the funds, when eileen declares her major but no laterthan the end of her sophomore year
blank 10: perkins, parent, stafford
blank 11: the equity in your home, your income, your creditscore
Fill in the blanks to provide the correct information. COUNSELOR: Eileen, I understand that you need additional aid to pay for your higher education and that your parents are willing to help you. They can apply for a ▼ loan. EILEEN: I'm so relieved to hear that. I have a COUNSELOR: Mr. and Mrs. Garcia, let's review a couple of the loan's terms that are different from those of Eileen's loan. First, you ▼be subject to And, the interest rate on your loan than Eileen's. will be , but it just isn't enough. MRS. GARCIA: That's okay. We're willing to accept those terms, not only because we want our daughter to concentrate on her studies rather than get another job, but also because we like knowing that the borrowing limit is instead of COUNSELOR: Good. Then let's talk about paying back the loan. Are you aware of the general terms regarding interest and timing of repayment? MR. GARCIA: Yes. Interest will start to accrue the loan COUNSELOR: Very good. Let's start completing the application for a deductible depending on We'll most likely be expected to begin repaying loan. And remember, the interest payments may be tax EILEEN: Thank you for your help. I'm looking forward to starting the next phase of my education. And, thanks, Mom and Dad!