Answer:
D. College loans help increase future earning power but result in a long-term commitment to monthly payments.
Explanation:
College loans refer to the money advanced to college students to help them pay for their college education. College loans cover tuition fees and other related expenses. Students are expected to pay back the loans after completing college education and are working.
College loans help students acquire the knowledge and skills necessary to secure better-paying jobs. College graduates are in a better position to land higher-paying jobs than non-college graduates. Therefore, college loans increase future earning power. However, a student has to repay their loan upon securing employment or is earning.
