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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 angles 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)

If Angel borrowed 100% of the tuition cost, which of these careers would have the highest monthly student loan payment?
A. Registered Nurse
B. Physical Therapist
C. Sonographer

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

A. pyramid schemes
B. work-study
C. scholarships
D. grants
E. tuition waver

1 answer

To answer your questions:

  1. The career with the highest monthly student loan payment is: B. Physical Therapist

    • Physical Therapist loans have a monthly payment of $650, which is higher than the payments for both Registered Nurse ($190/month) and Sonographer ($57/month).

  2. The methods discussed in the article for paying for education include:

    • B. work-study
    • C. scholarships
    • D. grants
    • E. tuition waver

    A. pyramid schemes is not a legitimate method of paying for education and would not be recommended.

Please verify with the specific article as necessary for any additional methods or context.