Angel is considering using student loans to help pay for educational expenses.
Assume that Angel takes out loans for 100% of college tuition and fees for each career choice and pays them back over 20 years with 6% interest.
The following shows Angel's predicted monthly payments and total interest paid for each career:
Registered Nurse Loans: $190/ month ($19,172 total interest)
Physical Therapist Loans: $650/ month ($65,334 total interest)
Sonographer Loans: $57/ month ($5,705 total interest)
Question 1
If Angel borrowed 100% of the tuition costs, which of these careers would have the highest monthly student loan payment?(1 point)
Responses
Physical Therapist
Physical Therapist
Sonographer
Sonographer
Registered Nurse
Registered Nurse
Question 2
Aside from student loans, there are other options available to pay for an education. Which of the following ARE methods discussed (1 point)
Responses
tuition wavers
tuition wavers
grants
grants
scholarships
scholarships
work-study
work-study
pyramid schemes
1 answer
Question 1
If Angel borrowed 100% of the tuition costs, which of these careers would have the highest monthly student loan payment?
Response:
Physical Therapist
Question 2
Aside from student loans, there are other options available to pay for an education. Which of the following ARE methods discussed?
Responses:
(Pyramid schemes are not a legitimate method for paying for education.)
