Page 84 - Book8E

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• “No Waiting .” Operations that guarantee a degree in a few days, weeks, or even months cannot be legitimate. If an ad promises that you can earn a degree very quickly, forget about it.
• “Click Here to Order Now!” Some scams use aggressive sales tactics. Accredited colleges don’t use spam or high-pressure tele- marketing to market themselves. Some diploma mills advertise in newspapers, magazines, and on the web.
Let’s Review__________________________________
For each question, circle the correct answer .
1. When a student loan is subsidized, it means:
A. The government will cover your interest while you're enrolled in school, in the grace period of the loan, or in deferment
B. The government will cover all interest on your loan
C. The government will exempt you from paying taxes on your loan interest
2. These loans are for creditworthy parents of financially dependent students:
A. Perkins Loans B. Stafford Loans C. PLUS Loans
3. These student loans may be subsidized or unsubsidized, depending on your demonstration of financial need:
A. Perkins Loans B. Stafford Loans C. PLUS Loans
Student Loans and the Cost of a Good Education