Regarding student loans,which of the following is true?
A)They are available only for undergraduate students.
B)Parents (or legal guardians) must cosign.
C)There is a limit on how much can be borrowed wirh each loan.
D)There is a limit on the number of loans one can have.
E)Interest does not have to be repaid.

Question

Quizplus · Accepted Answer

There is a limit on how much can be borrowed with each loan. This limit depends on various factors such as the student's year in school, dependency status, and cost of attendance. The other choices are incorrect. A) Student loans are available for both undergraduate and graduate students. B) Parents or legal guardians may choose to cosign, but it is not always required. D) There is no limit on the number of loans a person can have, but there is a lifetime limit on the total amount that can be borrowed. E) Interest must be repaid, though some loans offer options for interest payments to be deferred while the borrower is in school or during periods of financial hardship.

Regarding Student Loans,which of the Following Is True