Chris is attending school and had a financial emergency. He contacted his school's financial aid office and asked about a subsidized student loan. Chris's school facilitates these loans and determined that Chris qualifies for a $600 loan. Chris is able to repay the loan over the next 12 months while he is still in school. How much interest will Chris pay on this loan? O $0 because interest on subsidized loans does not accrue until Chris stops attending school. $30.00 because the interest rate is 5%. O $15.00 because Chris has been making payments on the loan. O None of the answer choices are correct.

Chris is attending school and had a financial emergency. He contacted his school's financial aid office and asked about a subsidized student loan. Chris's school facilitates these loans and determined that Chris qualifies for a $600 loan. Chris is able to repay the loan over the next 12 months while he is still in school. How much interest will Chris pay on this loan? \$O because interest on subsidized loans does not accrue until Chris stops attending school. $30.00 because the interest rate is 5%. $15.00 because Chris has been making payments on the loan. None of the answer choices are correct