FIN-1100 Chapter Notes - Chapter 7: Prepayment Of Loan, Life Insurance, Stafford Loan
2 Jun 2017
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Pfin chapter 7- using consumer loans summaries and key. L01- know when to use consumer loans and be able to. Single-payment and installment loans are formally negotiated consumer loan arrangements used mainly to finance big-ticket items. Most of these consumer loans are taken out as auto loans, loans for other durable goods, education loans, personal loans, and consolidation loans. L02- identify the various sources of consumer loans. Cost of attendance minus any other financial aid received. Exhibit 7. 1- federal government student loan programs at a glance. More and more college students rely on loans subsidized by the federal government to finance all or part of their educations. There are three types of federally subsidized loan programs, the basic loan provisions of which are listed here. These loans all have low interest rates and provide various deferment options and extended repayment terms. (note: loan rates and terms shown here are for update per chart).
