here is answer choices

COUNSELOR: have no other outstanding loans / work at a job that only pays minimum wage / must demonstrate a financial need

BOB : am not / am

COUNSELOR: live in the dorms / agree to other persons / not be in default on other person loans

Mr. CHEN: PLUS / Stafford / Perkins

BOB: (1): after my first semester of study / I get out of school / I get my first job in my field of study

(2): I get any job after earning my degree / my parents finish applying the loan they took out to fund my undergrad work / I get out of school

(3): government sponsored / my parents, not mine / mine, not my parents

COUNSELOR: (1): Stafford / Perkins / Parent

(2): A long time ago / recently

(3): changing your name / leaving the country / filing for bankruptcy protection from creditors

(4): does not relieve / relieve

2. Student loans The Cost of College The cost of college continues to rise. Fortunately, financial aid is available to both persons and their parents or guardians to pay for persons' higher educations. Loans are offered by government, private, and college-sponsored programs. Different types of loans come with different terms in the interest of helping as many persons as possible who need the assistance. FINANCIAL AID OFFICE OLUNA Photo reproduced by permission. AP Photo/Mark Humphrey Following is an excerpt from a hypothetical conversation between Bob Chen, a college person, his financial aid counselor, and Bob's parents, as they consider options for obtaining a loan to finance Bob's higher education. Fill in the blanks to provide the correct information. COUNSELOR: Bob, I understand that you wish to obtain a person loan to help with your graduate school studies. Let's take a look at a variety of loans. The first thing we need to examine is your eligibility, meaning that you BOB: I understand that I expected to contribute some funds to pay for my educational expenses. COUNSELOR: That's right. And since you've completed your undergraduate studies, I need to confirm that you meet another requirement, which is that you must loan to help out with the undergraduate degree. Bob doesn't have MR. CHEN: He's all set there. His mother and I took out a any outstanding debt. COUNSELOR: Good. Then let's talk about paying back the loan you'll take out, Bob. Are you aware of the general terms regarding interest and timing of repayment? BOB: I think so. Interest will not start to accrue until begin until and repaying the loan isn't scheduled to because this loan is COUNSELOR: Okay. Because it has the lowest interest rate and highest borrowing limit, I think I'll recommend you apply for a loan. But one word of caution: Regardless of what kind of loan you take out, it's easy to build up debt not only while in school but afterwards, even with the good job your education should help you obtain. , legislation was passed ruling that you from the responsibility to repay person loans. BOB: Thank you for the information, advice, and warnings! I'm looking forward to starting the next phase of my education. 2. Student loans The Cost of College The cost of college continues to rise. Fortunately, financial aid is available to both persons and their parents or guardians to pay for persons' higher educations. Loans are offered by government, private, and college-sponsored programs. Different types of loans come with different terms in the interest of helping as many persons as possible who need the assistance. FINANCIAL AID OFFICE OLUNA Photo reproduced by permission. AP Photo/Mark Humphrey Following is an excerpt from a hypothetical conversation between Bob Chen, a college person, his financial aid counselor, and Bob's parents, as they consider options for obtaining a loan to finance Bob's higher education. Fill in the blanks to provide the correct information. COUNSELOR: Bob, I understand that you wish to obtain a person loan to help with your graduate school studies. Let's take a look at a variety of loans. The first thing we need to examine is your eligibility, meaning that you BOB: I understand that I expected to contribute some funds to pay for my educational expenses. COUNSELOR: That's right. And since you've completed your undergraduate studies, I need to confirm that you meet another requirement, which is that you must loan to help out with the undergraduate degree. Bob doesn't have MR. CHEN: He's all set there. His mother and I took out a any outstanding debt. COUNSELOR: Good. Then let's talk about paying back the loan you'll take out, Bob. Are you aware of the general terms regarding interest and timing of repayment? BOB: I think so. Interest will not start to accrue until begin until and repaying the loan isn't scheduled to because this loan is COUNSELOR: Okay. Because it has the lowest interest rate and highest borrowing limit, I think I'll recommend you apply for a loan. But one word of caution: Regardless of what kind of loan you take out, it's easy to build up debt not only while in school but afterwards, even with the good job your education should help you obtain. , legislation was passed ruling that you from the responsibility to repay person loans. BOB: Thank you for the information, advice, and warnings! I'm looking forward to starting the next phase of my education