if you borrow money for post-secondary education:
(a)you never have to pay it back.
(b) you owe it back.
(c) none of the above.
i thought it would be (B) but i am not sure cause of the grants and other ways of going to school.. any suggestions?
All students have to repay their student loans.
The grants are in addition to loans that many students incur.
If you borrow money for post-secondary education, the correct answer is (b) you owe it back. Borrowed money, such as student loans, typically needs to be repaid, usually with interest. Grants and scholarships, on the other hand, are forms of financial aid that do not require repayment. However, it's important to carefully review the terms and conditions of any financial assistance you receive to determine if repayment is required.
If you borrow money for post-secondary education, usually you are required to pay it back. So, option (b) - you owe it back - is generally correct. However, it is important to consider that there are different types of financial assistance available for education, including grants and scholarships, which do not require repayment. It's a good idea to explore all your options for funding education before deciding to borrow money. Here are a few suggestions on how to do so:
1. Research grants and scholarships: Look for scholarships and grants that you may be eligible for based on various criteria such as academic merit, financial need, or specific interests. Many organizations, institutions, and governments offer different types of financial assistance for education.
2. Apply for financial aid: Complete the Free Application for Federal Student Aid (FAFSA) or other relevant applications to determine your eligibility for government-sponsored financial aid programs. This can include grants, work-study opportunities, and low-interest loans.
3. Explore work-study programs: Some educational institutions offer work-study programs that allow students to work part-time while pursuing their studies. This can help cover educational expenses without having to take on excessive debt.
4. Consider part-time or online education: Opting for part-time or online education can allow you to continue working while pursuing your degree. This way, you can minimize the amount of money you need to borrow.
5. Develop a budget and explore cost-saving measures: Create a budget to manage your expenses while in school, and look for cost-saving measures such as buying used textbooks or living with roommates to reduce your overall spending.
Remember, borrowing money for education should be a considered decision, and it's important to explore all available options for financial assistance before taking on debt.