Answers DRHS GA-GSE Personal Financial Literacy Unit Test — Unit testQuestion 3

3

QuizMultiple Choice

Unit Test — Unit test

Question 3 • DRHS GA-GSE Personal Financial Literacy

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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How are loans and grants different?