Question

question 17
this type of student loan does not need to be paid back at all?
subsidized
grant
government
unsubsidized

question 18
this type of loan the goverment pays the interest while you are in school?
unsubsidized
subsidized
scholarship
nothing

question 19
ken is a freshman attending a 4-year college. he has been approved for a $15,000 subsidized loan at 5.50% for 10 years.
how much interest does the goverment pay for him?
i=prt
$3,212.05
$3,712.50
$3,295.50
$4,000

Explanation:

Question 17

Identify non-repayable student aid.
A grant is a type of student aid that does not require repayment, unlike subsidized/unsubsidized loans (which must be repaid) and "government" which is not an aid type itself.

Question 18

Identify loan with government-paid in-school interest.
Subsidized student loans have the government cover interest while the borrower is in school, unlike unsubsidized loans (borrower pays all interest), scholarships (no repayment, not a loan), and "nothing" which is incorrect.

Question 19 Step1: Define variables for I=PRT

$P = \$15,000$, $R = 5.50\% = 0.055$, $T = 4$ years (time in school)

Question 19 Step2: Calculate interest via I=PRT

$I = 15000 \times 0.055 \times 4$
$I = 15000 \times 0.22$
$I = 3300$ (Note: closest option is $\$3,295.50$, likely due to rounding conventions; calculation uses standard simple interest for in-school period of 4 years)

Answer:

1. Question 17: grant
2. Question 18: subsidized
3. Question 19: $\$3,295.50$