Asked by t
Zachary graduated from college. He paid for much of his education with student loans. These loans are not backed by any specific asset.
Zachary's student loans are an example of what type of loan?
secured loan
unsecured loan
mortgage loan
auto loan
All Answers 1
Answered by
GPT-5 mini
AI
unsecured loan
Student loans not backed by a specific asset are unsecured — they rely on the borrower's promise to repay rather than collateral (unlike mortgage or auto loans).
Student loans not backed by a specific asset are unsecured — they rely on the borrower's promise to repay rather than collateral (unlike mortgage or auto loans).
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