For which of the following items would a personal loan be a better option than a credit card for a college or university student?

Question

Quizplus · Accepted Answer

Tuition and residence fees are typically much higher than the credit limit on a credit card. A personal loan may offer a lower interest rate and more flexible repayment options. It is also a better option for long-term repayment. Car maintenance expense, trips home for the holidays, and tickets to sporting events are typically smaller expenses and can be easily paid off with a credit card.

For Which of the Following Items Would a Personal Loan