If You Have to Start Paying Interest Immediately on a Student

question 86

Multiple Choice

If you have to start paying interest immediately on a student loan, you probably have a ____ loan.

• A) Subsidized
• B) Unsubsidized
• C) Fixed
• D) Variable

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Definitions:

Analogy

A comparison between an unfamiliar idea, thing, or situation and something the audience already understands.

401(K) Retirement Plans

A tax-advantaged retirement savings plan offered by many employers in the United States, allowing employees to save a portion of their paycheck before taxes.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a specific period.

Deduction

The process of reaching a conclusion based on the available evidence or facts.