What is a student loan?
(1 point)
• federally funded program in the U.S. that assists students with the costs of postsecondary education by finding them employment
• money awarded to someone based on merit or achievement by an organization to help pay for their education
• money awarded to a student, often based on financial need, for a specific purpose (like tuition) by a government or an organization
• money that has to be repaid and incurs interest, designed to help students pay for postsecondary education and the associated fees, such as tuition, books and supplies, and living expenses