Question: Explain what interest is and how it might affect your life as a borrower and a saver. Be sure to comment on when you would

Explain what interest is and how it might affect your life as a borrower and a saver. Be sure to comment on when you would prefer a higher or lower interest rate, and why.

complete the following questions about student aid.

Who is eligible for federal student aid?

What are the three main types of Federal Student Aid programs and how do they differ?

Which Federal Student Aid programs would you prefer to use and why?

What is a FAFSA and what documents will you need to complete it?

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