Question

Which choice is the least preferred source of student loans and why?

(1 point)
long-held savings
Private lenders that will likely require a cosigner and offer less flexible repayment or forgiveness plans
scholarships and grants that one can get easily and quickly in most cases
U.S. Department of Education

Answer 1

[AI-generated answer — Bot GPT 3.5]

The least preferred source of student loans would likely be private lenders that require a cosigner and offer less flexible repayment or forgiveness plans. This is because these loans may come with higher interest rates, stricter repayment terms, and fewer options for forgiveness or deferment. Additionally, the requirement of a cosigner may pose a limitation for some individuals who may not have someone who is willing or able to cosign the loan.