Jim is researching different sources to fund his college education. Jim is torn between a federal loan and a private loan. With his parents as co-signers, Jim can receive a lot more money from a bank than he will from a federal loan. Which loan should Jim choose and why?
Select the best answer from the choices provided.
A. Jim should choose the federal loan since he will not have to pay interest if he attends a public university.
B. Jim should choose the federal loan since he may qualify for lower interest rates.
C. Jim should choose the private loan since his parents will not have to repay the loan.
D. Jim should choose the private loan since he will not have to pay interest if he attends a private college.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jim is researching different sources to fund his college education. Jim is torn between a federal loan and a private loan. With his parents ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What to do when you hear loud voices in your head
Answers (1)
Suppose the demand for premium bottled water increases rapidly during 2018. At the same time, six more firms begin producing premium bottled water.
Answers (1)
You consider buying a share of stock at a price of $18. The stock is expected to pay a dividend of $1.32 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $21. The stock's beta is 1.
Answers (1)
Archies' Antiques, Inc., is characterized by separation of management from ownership and by clearly defined lines of authority and responsibility.
Answers (1)
The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No.
Answers (1)
New Questions in Business
In January the price of dark chocolate candy bars was $2.00, and Willy's Chocolate Factory produced 80 pounds. In February the price of dark chocolate candy bars was $2.50, and Willy's produced 110 pounds.
Answers (1)
Why is there a difference between interest charged and interest earned? Question 7 options: Banks are non-profit institutions. Banks are profit-making institutions. Banks must pay more than they receive.
Answers (2)
In most business organizations, the chief management accountant is called the controller. a. True b. False
Answers (1)
A nation has a workforce of 500 workers. In every month, 10 workers leave jobs, and 10 different workers tind jobs However, there are also 20 workers who lack the skills to be employed, and thus remain unemployed throughout the year There is no
Answers (2)
In the late 1800s, workers tolerated poor wages and working conditions because they a. thought that the government would protect them. b. believed it had to get worse before it got better. c. could be replaced easily by other workers. d.
Answers (1)