Question

HELP PLEASE 23 POINTS ASAP Hanna arranged financing for her bachelor’s degree. She borrowed $5,000 as a student loan backed by the federal government, and she also received a grant of $3,000 for books and supplies. Hanna is also in the top 3% of her high school class and was awarded a $15,000 scholarship for her academic achievements. Lastly, Hanna took out a private loan for $6,000.

Not counting any interest Hanna may have to pay, how much of her financing is she required to pay back?

Answer 1

Scholarships and grants do not need to be paid back.

Government loans and private loans do need to be paid back.

She has 2 loans. $5,000 and $6,000.

She needs to pay back $11,000