Serena has a student loan to help her pay for tuition, room and board, and books. All of the following would likely be TRUE of her loan EXCEPT
A) it offers a lower interest rate than other types of loans.
B) it allows her to defer repayment until after graduation.
C) the money being borrowed is paying for an asset that is expected to increase in value.
D) she will have to pay high monthly payments after graduation.
E) after graduation, she can defer repayment until she can afford to pay off the loan.
Correct Answer:
Verified
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