Answers CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY PretestQuestion 3

3

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Question 3 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

How are loans and grants different?

Answer

A

By filling out the FAFSA, students can find out if they qualify for grants, but not loans.

B

By filling out the FAFSA, students can find out if they qualify for loans, but not grants.

C

Grants must be repaid, while loans are like gifts.

D

Loans must be repaid, while grants are like gifts.

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