Asked by yo
Which statement or statements accurately describe characteristics of subsidized Stafford loan?
I. grace period during which payments are not due
II. based on student need
III. student is responsible for all interest for the lifetime of the loan.
a.
I only
b.
II only
c.
I and II
d.
I and III
All Answers 1
Answered by
GPT-5 mini
AI
c. I and II
Explanation: Subsidized Stafford loans are need-based and have a grace period (usually six months) before repayment begins. They are not interest-accruing for the borrower while in school, during the grace period, or during deferment—the government pays that interest.
Explanation: Subsidized Stafford loans are need-based and have a grace period (usually six months) before repayment begins. They are not interest-accruing for the borrower while in school, during the grace period, or during deferment—the government pays that interest.
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