#1 at the bottom please
dent Aid website). All loans discussed in this part LA LLIS is the rate that is currently listed on the Federal Student Aid website). All loans dised will compound interest monthly. The bus tuition for our student is 58,275. We will just use this number for me Assumptions above makes considering anything else superfluous. According to the Federal Student Aid website, for Federal Direct Subsidized and Unsubsidized Loans. dependent students are allowed to take: $5,500 in their first year, with no more than $3,500 in subsidized loans. . $6,500 in their second year, with no more than $4,500 in subsidized loans. $7,500 in their third year and beyond, with no more than $5,500 in subsidized loans Our student graduates and luckily gets a job immediately after. The student will have to start paying back their student loans 6 months after the month they graduate, and their Direct Subsidized Loans will start to gain interest at this time as well. We will assume that the student graduates 9 months after the loans were distributed in their fourth year. so they will have to start paying back their loans 1.25 years after the final loan was distributed in other words, if the loans were distributed in September, then we assume that they graduate in May and start paying back loans in December). 1. How much money will our student have used in student loans in their four years of college to pay their tuition? How much of this money will be in subsidized loans? How much of this money will be in unsubsidized loans? Do not worry about interest in this problem, we will deal with that later. I just want the base values currently. Due! 05/15/20 We will now compute how much the unsubsidized loans will actually be worth once the student paving back their loans (remember that these loans are the ones that accrue interest while the et is still in school). dent Aid website). All loans discussed in this part LA LLIS is the rate that is currently listed on the Federal Student Aid website). All loans dised will compound interest monthly. The bus tuition for our student is 58,275. We will just use this number for me Assumptions above makes considering anything else superfluous. According to the Federal Student Aid website, for Federal Direct Subsidized and Unsubsidized Loans. dependent students are allowed to take: $5,500 in their first year, with no more than $3,500 in subsidized loans. . $6,500 in their second year, with no more than $4,500 in subsidized loans. $7,500 in their third year and beyond, with no more than $5,500 in subsidized loans Our student graduates and luckily gets a job immediately after. The student will have to start paying back their student loans 6 months after the month they graduate, and their Direct Subsidized Loans will start to gain interest at this time as well. We will assume that the student graduates 9 months after the loans were distributed in their fourth year. so they will have to start paying back their loans 1.25 years after the final loan was distributed in other words, if the loans were distributed in September, then we assume that they graduate in May and start paying back loans in December). 1. How much money will our student have used in student loans in their four years of college to pay their tuition? How much of this money will be in subsidized loans? How much of this money will be in unsubsidized loans? Do not worry about interest in this problem, we will deal with that later. I just want the base values currently. Due! 05/15/20 We will now compute how much the unsubsidized loans will actually be worth once the student paving back their loans (remember that these loans are the ones that accrue interest while the et is still in school)
