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3 November, 03:58

In what order should you accept different types of financial aid (from first to last) ?

Grants & Scholarships > Federal Loans > Work-Study > College and/or state loans > Private Loans

Federal Loans > College and/or state loans > Private Loans > Grants & Scholarships > Work-Study

Grants & Scholarships > Work-Study > College and/or state loans > Private Loans > Federal Loans

Grants & Scholarships > Work-Study > Federal Loans > College and/or state loans > Private Loans

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  1. 3 November, 04:06
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    The correct answer is letter "D": Grants & Scholarships > Work-Study > Federal Loans > College and/or state loans > Private Loans.

    Explanation:

    To finance school expenses, students must try to obtain their funds without falling into debt. Grants, scholarships, and work-study programs must be their first option. If working is not possible because college consumes too much time, loans could be the next option. Federal loans offer lower interest rates than college or state loans. Also, private loans are a choice but they must be taken as the last due to high-interest rates.
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