Which of these statements describes the costs and benefits of taking a college loan?
A. College loans require students to work while studying but they cost less than conventional loans.
B. College loans reduce tuition payments but increase total educational costs because of interest payments.
C. College loans help students with academic and athletic skills overcome financial hardships.
D. College loans help increase future earning power but result in a long-term commitment to monthly payments.

Answers

Answer 1

Answer:

D. College loans help increase future earning power but result in a long-term commitment to monthly payments.

Explanation:

College loans refer to the money advanced to college students to help them pay for their college education. College loans cover tuition fees and other related expenses. Students are expected to pay back the loans after completing college education and are working.

College loans help students acquire the knowledge and skills necessary to secure better-paying jobs. College graduates are in a better position to land higher-paying jobs than non-college graduates. Therefore, college loans increase future earning power. However, a student has to repay their loan upon securing employment or is earning.

Answer 2

Answer:

c

Explanation:


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