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Match the college student aid term with its correct definition: 1. student loans where the government pays...

Match the college student aid term with its correct definition:
1. student loans where the government pays the interest while the borrower is in school at least half-time, during the grace period after leaving school, and during deferment periods
2. a type of financial aid that does not need to be repaid.
3. an application form used by eligible non-U.S. citizens to apply for state financial aid in Texas
4. form that students in the United States fill out to apply for federal financial aid for college or graduate school
5. student loans where the borrower is responsible for all the interest that accrues, including while in school
6. the cost of borrowing money or the return on investment. It is typically calculated as a percentage of the principal amount and is paid by borrowers to lenders or earned by investors
7. programs that provide students with part-time employment opportunities to help them earn money to pay for educational expenses

Answer

  1. Subsidized Loans: student loans where the government pays the interest while the borrower is in school at least half-time, during the grace period after leaving school, and during deferment periods.
  2. Student Grant/scholarship: a type of financial aid that does not need to be repaid.
  3. TASFA (Texas Application for State Financial Aid): an application form used by eligible non-U.S. citizens to apply for state financial aid in Texas.
  4. FAFSA (Free Application for Federal Student Aid): form that students in the United States fill out to apply for federal financial aid for college or graduate school.
  5. Unsubsidized Loans: student loans where the borrower is responsible for all the interest that accrues, including while in school.
  6. Interest: the cost of borrowing money or the return on investment. It is typically calculated as a percentage of the principal amount and is paid by borrowers to lenders or earned by investors.
  7. Work Study: programs that provide students with part-time employment opportunities to help them earn money to pay for educational expenses.

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