Ask Question
18 September, 05:49

Which of the following has a 5% interest rate for undergraduates with exceptional financial need?

A. A private loan

B. The Federal Perkins Loan

C. The unsubsidized Direct Stafford Loan

D. The subsidized Direct Stafford Loan

+2
Answers (1)
  1. 18 September, 06:31
    0
    The correct option is B. The Federal Perkins Loan is a low interest loan which is specifically meant for undergraduate students with exceptional financial needs. The interest rate is fixed at 5%. The school is usually the lender and the loan is made with government money; the money has to be repaid to the school.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following has a 5% interest rate for undergraduates with exceptional financial need? A. A private loan B. The Federal Perkins ...” in 📙 English if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers