Answers OCPS -2102371-Personal Finance and Money Management Understanding College SavingsQuestion 9

9

QuizMultiple Choice

Understanding College Savings

Question 9 • OCPS -2102371-Personal Finance and Money Management

How are loans and grants different?

Answer

A

Loans must be repaid, while grants are like gifts.

B

Grants must be repaid, while loans are like gifts.

C

By filling out the FAFSA, students can find out if they qualify for grants, but not loans.

D

By filling out the FAFSA, students can find out if they qualify for loans, but not grants.

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Unit Test

How are loans and grants different?