Regarding student loans,which of the following is not true?
A) They are available for both undergraduate and graduate students.
B) Applications can be filled out on the Internet.
C) There is no limit on how much can be borrowed.
D) They can take out a loan from one or more of the government programs.
E) Interest may be tax deductible.

Question

Quizplus · Accepted Answer

There are limits on how much can be borrowed through federal student loan programs. The limits depend on the student's grade level and dependency status. Private student loans may offer higher borrowing limits, but those also have their own set of criteria for eligibility and interest rates.

Regarding Student Loans,which of the Following Is Not True