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16-03-2020
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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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blainevanderhaegen blainevanderhaegen

16-03-2020

D.Unsubsidized Loan is correct

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