Question

In which order should you look for assistance with college expenses?

A) savings, scholarships, merit aid Federal loans, non-government loans
B) scholarships, merit aid, savings, Federal loans, non-government loans
C) Federal loans, merit aid, savings, scholarships, non-government loans
D) scholarships, merit aid, Federal loans, savings, non-government loans

Answer 1

The correct answer should be Choice B.

Scholarships and merit aid are the best way to earn money to go to college. They don't have to be paid back. When it comes to loans, you should select federal before non-governmental because the interest rates are usually lower on federal loans.