Student Loans

Question

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

Sonographer
Sonographer

Physical Therapist
Physical Therapist

Registered Nurse
Registered Nurse

Aside from student loans, there are other options available to pay for an education. Which of the following ARE methods discussed in the linked article:/www.schev.edu/students/paying-for-college(1 point)
Responses

grants
grants

pyramid schemes
pyramid schemes

tuition wavers
tuition wavers

work-study
work-study

scholarships

Answer 1

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
(With a payment of $650/month, it's the highest among the options listed.)

Additional Methods for Paying for Education

Aside from student loans, there are other options available to pay for an education. Which of the following ARE methods discussed in the linked article?

Responses:

• grants
• tuition waivers
• work-study
• scholarships

(Pyramid schemes are not a legitimate method for paying for education.)