which option for funding career education might cause you to incur extra fees on your debt?

Answer 1

One option for funding career education that might cause you to incur extra fees on your debt is taking out a private student loan. Unlike federal student loans, private loans are offered by private lenders and typically come with higher interest rates and additional fees, such as origination fees or application fees. These fees can add to the overall cost of borrowing and increase the total amount you have to repay. Additionally, private student loans may have variable interest rates, which can make it challenging to budget and plan for your repayments.