What is a student loan?

(1 point)
Responses

money awarded to someone based on merit or achievement by an organization to help pay for their education
money awarded to someone based on merit or achievement by an organization to help pay for their education

federally funded program in the U.S. that assists students with the costs of postsecondary education by finding them employment
federally funded program in the U.S. that assists students with the costs of postsecondary education by finding them employment

money awarded to a student, often based on financial need, for a specific purpose (like tuition) by a government or an organization
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

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