monzmatt59 monzmatt59

29-05-2024
Business

Answered

QUESTION 1 of 10: True or False: It's always better to take a loan from a private bank to pay for your college tuition.
a) True
O b) False

Answer :

GinnyAnswer GinnyAnswer

29-05-2024

Final answer:

Private loans are generally not recommended for college tuition. Government loans offer better terms and more flexibility for students.

Explanation:

False. Private loans are generally unnecessary and unwise for college tuition. They have higher interest rates, require credit checks, and lack benefits of government loans, which offer lower rates and more flexibility.Government loans provide more favorable terms compared to private lenders for student debt, ensuring better financial outcomes.Financial institutions offer private loans, but caution is advised due to less consumer protection and higher interest rates.

Learn more about Student Loans here:

https://brainly.com/question/24501576

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