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Sandra is eligible for a subsidized Stafford loan to help her pay for college. Subsidized Stafford loans are loans available to low - and medium
Sandra is eligible for a subsidized Stafford loan to help her pay for college. Subsidized Stafford loans are loans available to low and mediumincome families to help pay for college. While a student is in college, the US government pays the interest on the loan. So if a student borrows $ then heshe still owes only $ when heshe graduates from college or leaves earlyNote that loan repayment for a Stafford loan begins six months after graduation or after the student has left college That is the point when interest begins to accrue be charged Once repayment begins, payments are typically made monthly.Q Sandra is not sure whether she should take the subsidized loan, She is concerned about being able to pay it back her other option is to work parttime and attend school parttime Suppose her financial aid award letter says she is qualified to borrow up to $ per year,How much in total will Sandra owe if she borrows $ per year and it takes her five years to graduate from college? Note: This total is called her "loan balance"Discuss in your group and record your group's answer in the given space.
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