Liam and Robert are discussing how they will pay for college. Liam says the interest rate on a student loan is higher than on other types of loans. Robert says work-study options are like loans because you have to pay the money back. Who is correct? Explain.

Question

Revolt · Accepted Answer

/Explanation: Liam is incorrect. The interest rate on student loans is typically lower than on other types of loans. Robert is also incorrect. Work-study is like a job. You work to earn money and you do not have to pay it back.

Understanding College Savings

Liam and Robert are discussing how they will pay for college. Liam says the interest rate on a student loan is higher than on other types of loans. Robert says work-study options are like loans because you have to pay the money back. Who is correct? Explain.

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