Which statement best explains student loans that cover the costs of an education?

A. They require the use of savings.

B. They require repayment with interest.

C. They depend on getting good grades.

D. They do not have to be paid back later.

Question

Social Studies

Sage Colon

1 March, 11:29

Which statement best explains student loans that cover the costs of an education?

A. They require the use of savings.

B. They require repayment with interest.

C. They depend on getting good grades.

D. They do not have to be paid back later.

+1

Answers (1)

Know the Answer?

Raquel Daniels · Answer 1

Option B

Explanation:

The word "Loan" refers to a thing, material or something valuable which in most cases, is money is borrowed within a period of time and expected to be returned or paid back with interest.

Student loan are loans giving or addressed to students for there educational purposes and is expected to be paid back with interest. the difference between this loan and any other loan is that its specified for student and the interest conductive and the payment terms is favorable for the students but it is always expected to be paid back.

To address the question, Since we know that loan is something (e. g money) borrowed and expected to be paid back with interest, the option that suites this analogy or explanation is option B, as loan is always expected to be paid back

Which statement best explains student loans that cover the costs of an education?A. They require the use of savings.B. They require repayment with interest.C. They depend on getting good grades.D. They do not have to be paid back later.

Which statement best explains student loans that cover the costs of an education?

A. They require the use of savings.

B. They require repayment with interest.

C. They depend on getting good grades.

D. They do not have to be paid back later.