When Borrowing for College,one Thing to Keep in Mind Is

question 90

Multiple Choice

When borrowing for college,one thing to keep in mind is that you're not just paying for one year of school.About half of all colleges practice what is called "front loading of grants," which means that

• A)grants awarded in the fall will be worth more than grants awarded in the spring semester.
• B)your grants as a freshman will be more generous than your grants as a sophomore,junior,or senior.
• C)your grants will progressively increase as your graduation date approaches.
• D)the more your parents or guardians pay upfront for your college expenses,the less grants you will receive.

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Definitions:

Service Life

The estimated period during which an asset is expected to be usable for its intended purpose, affecting depreciation calculations.

Fair Value

An estimate of a security's worth on a given market based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Non-Cancelable

A contract or agreement clause indicating that the arrangement cannot be terminated before its expiration.