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6 March, 23:52

The Smith family takes out a $10,000 loan for their son's college education. Their son, Adam, completes college in 4 years. When he does the Smith family owes the $10,000 they originally borrowed plus the $2000 accrued in interest over the 4 years Adam was in school. What kind of loan did the Smith family take out?

A. Private Loan

B. Standard Loan

C. Subsidized Loan

D. Unsubsidized Loan

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Answers (1)
  1. 7 March, 01:34
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    D. Unsubsidized Loan is correct
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