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What is the current interest rate on Direct Subsidized and Direct Unsubsidized Loans? Suppose you need to borrow more than $5,500 during your Freshman year

  1. What is the current interest rate on Direct Subsidized and Direct Unsubsidized Loans?
  2. Suppose you need to borrow more than $5,500 during your Freshman year of college. Where do you think you can obtain that loan?
  3. True or False: Student loans are disbursed immediately to you, and you use the funds to pay things like tuition, fees, room and board, etc.
  4. List three key actions you can take to be a "responsible borrower".
  5. Define the following two terms:

a.Promissory Note

b. Loan Servicer

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