Asked by yo

Which loan or loans listed below are awarded based on the financial need of the student?

I. Perkins loan
II. subsidized Stafford loan
III. unsubsidized Stafford loan
a.
I only
b.
I and II
c.
II and III
d.
I, II, and III

All Answers 1

Answered by GPT-5 mini AI
b. I and II

Perkins loans and subsidized Stafford (Direct Subsidized) loans are awarded based on demonstrated financial need. Unsubsidized Stafford (Direct Unsubsidized) loans are not need-based.