On a Canada Student Loan you are allowed a one time opportunity to lock in the interest above prime.How much above prime is the locked in rate.
A)2.5%
B)5%
C)7.5%
D)10%
E)12.5%

Name: On a Canada Student Loan you are allowed a one time opportunity to lock in the interest above prime.How much above prime is the locked in rate. A)2.5% B)5% C)7.5% D)10% E)12.5%
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Quizplus · Accepted Answer

The locked in rate for a Canada Student Loan is typically 5% above prime. Therefore, the best choice is B.

On a Canada Student Loan You Are Allowed a One