Respuesta :
Grants are a type of financial aid that do not require you to pay the money back. A grant is money that is awarded for academic success or by applying for a grant program. This money is non-repayable as it serves as a gift from another party. Grants are a common form of financial help that students use when attending college or other types of further education.
Option A is correct. Grant is a type of financial aid that does not require to pay the money back.
Further Explanation:
Financial aid is a financial help provided to the students for educational purposes by the government. This aid provides for the higher studies of the students. Grants is a financial aid provided by the government that students do not require to pay the money back given in this financial aid.
Justification for the correct and incorrect answer:
A.
Grants: This option is correct.
This financial aid does not require to pay the money back to the government. As this is the money given by the government for the higher studies of the students.
B.
Private loans: This option is incorrect.
Private loans are provided by private banks. The actual amount for education less the grants received from the government, whatever the amount left, can be taken private loans. The students will be pay back the amount of private loans.
C.
Federal loans: This option is incorrect.
Federal loans are provided by the government of the U.S. at a lower rate of interest. This is also known as educational loans. The students have to pay back the amount of loans after completing the studies.
D.
All of the above: This option is incorrect.
As option B and C are not correct, then the option all of the above is incorrect. Only option A is correct.
Learn more:
1. Learn more about the loans
https://brainly.com/question/9913858
2. Learn more about government
https://brainly.com/question/6156396
3. Learn more about financing costs
https://brainly.com/question/11244228
Answer details:
Grade: Middle School
Subject: Accounting
Chapter: Financial aid
Keywords: grant, type of financial aid, do not require, to pay, back money, financial help, to students, for educational purposes.
