2
QuizMultiple Choice

Making Employment Decisions — Quiz

Question 2 • Economics and Personal Finance

Which statement best explains federal grants that cover the costs of an education?

Answer
A
They need to be repaid with interest.
B
They are based mostly on financial need.
C
They require the use of savings.
D
They require borrowing money from a bank.

Explanation

Federal education grants generally help pay college costs based on a student’s financial need. Unlike loans, grants usually do not have to be repaid, so choices A and D describe borrowing rather than grants.

AI-written and checked against the verified answer.

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