Suppose you need to borrow more than $5,500 during your Freshman year of college. Where do you think you can obtain that loan?
1 answer
Question:
Suppose you need to borrow more than $5,500 during your Freshman year of
college. Where do you think you can obtain that loan?
college. Where do you think you can obtain that loan?
Answers
Answer:Parents, Friends, Private Loan companies, or even government financial aid programsExplanation:There are various ways to obtain that loan, you can obtain it through Parents, Friends, Private Loan companies, or even government financial aid programs. All of these have their pros and cons. Most likely through family and friends, you will not have to pay any interest on your loan so it may be the best option. Private Loan companies will give you the loan but may charge a heavy interest fee. Financial aid programs aren't always guaranteed and you will need to provide constant proof of your grades to continue receiving the loan.
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