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
