1. Explain some strategies for reducing the cost of student loans. 2. Define and differentiate between (a) fixed- and variable-rate loans and (b) a single-payment loan and an installment loan. 3....

1. Explain some strategies for reducing the cost of student loans.

2. Define and differentiate between (a) fixed- and variable-rate loans and (b) a single-payment loan and an installment loan.

3. Compare the consumer lending activities of (a) consumer finance companies and (b) sales finance companies. Describe a captive finance company.