Question

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.

Answer 1

B is correct because the loangiver always ask for repayment with interest, but it is not dependent on grades of student.

Answer 2

The statement which best explains student loans that cover the costs of an education is : b)They require repayment with interest. In order to get financial aid for your education you have to sign a contract with a loan company. Most of loan companies provide students with loans with interest, but there is a possibility to find an interest free loan if yuo are a student of a federal government. The interest you have to pay is established in your contract. And if you borrow with a no-interest loan, you will just pay back the same amount that you took from the company.