Student loans are typically backed by the government at lower-than-market rates of interest, making them more accessible and affordable for students from all backgrounds. It is not limited to the poor, sponsored by large businesses, or provided by the university. Passing every course may not necessarily guarantee eligibility for a student loan.

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Student Loans Are

Question 35

Multiple Choice

Student loans are:

A) typically only available for the poor.
B) sponsored by large businesses who subsidize the interest rates.
C) backed by the government at lower-than-market rates of interest.
D) provided by the university, who pays part of the interest cost.
E) available for any student, as long as he or she passes every course.

Correct Answer: