When looking to finance higher education, what is the best order to look for funding sources?

2 answers:

8 0

A. you'll want to see if you are capable of gaining a scholarship first, then federal loans would be better to try and recieve rather than private ones

Pepsi [2]3 years ago

7 0

Answer:

Grants/Scholarships - Federal student loans - Private Loans ( A )

Explanation:

Grants and scholarships are supposed to be the first funding source for a higher education because they come with no interest rate or pay back stress that comes with other source of funding. if there is no grant or scholarship available to fund a higher education the next option should be a Federal student loan this type of loan comes with a very minimum interest rate and a very long pay back time which can take up 10 years of payback time.

The next step would be Private loans: this type of loans will always come with a higher responsibility of interest rate payment and duration of repayment is usually short but can be extended with penalties attached. as an alternative to this kind of loan one can decide to defer higher education and take up a job that can help him/her get the finances to continue higher education.

You might be interested in

Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b

dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases, it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0

3 years ago

Social media sites like StuffDOT are often classified based on two factors; self-disclosure and ________, which is the degree of

Rasek [7]

Answer:

E) media richness

Explanation:

Based on the information provided within the question it can be said that these sites are often classified as self-disclosure and media richness. Media Richness refers to ability that the media has in regards to transmitting the needed information in a fast and efficient manner, in a acoustic, visual, and personal manner between people.

8 0

3 years ago

What is a major corporation that includes a number of smaller companies in unrelated industries?

PSYCHO15rus [73]

The correct answer is B. a conglomerate

A conglomerate is basically a group of unrelated business ventures that are overseen by the same group and owned by the same owners.

8 0

4 years ago

When do students have to begin paying back the Perkins Loan?

cricket20 [7]

If youre attending school atleast half time you have nine months after youre graduate leave school or drop below half time status before you must begin repayment if you are attending less than half time check to find out how long youre grace period will be

4 0

3 years ago

Read 2 more answers

Rumsfeld Corporation leased a machine on December 31, 2021, for a three-year period. The lease agreement calls for annual paymen

GarryVolchara [31]

Answer:

Explanation:

amount to be recorded as a right-of-use asset and the associated lease liability =[PVAD8%,3*Annual payment ]+[PVF8%,3*purchase price] =[2.78326*15,000

6 0

3 years ago