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

Question

Quizplus · Accepted Answer

There is a limit on how much can be borrowed through federal student loan programs. This limit varies based on the student's year in school and dependency status. The limit also differs between subsidized and unsubsidized loans. Other options such as private loans may not have a set limit but may have stricter credit requirements. Options A and B are not true as graduate students can also receive student loans without a cosigner. Option D is not true as students can choose between federal and private loan options. Option E is not true as interest must be paid on student loans.

Regarding Student Loans,which of the Following Is True