lourdesjenson
Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Why are student loans usually guaranteed by the government?

A. Banks would give students credit cards they can't afford
B. Banks are required to maintain a certain reserve ratio
C. Banks charge low interest rates for student loans
D. Banks don't have any collateral for student loans

Edit: Its D​

Sagot :

Answer: Banks don't have any collateral for student loans

Explanation:

Students loans are the loans that are collected by the students so that they can be able to finance higher education. The loans can be gotten from private lenders such as bdnkd or by the government.

Student loans usually guaranteed by the government due to the fact that banks do not have any collateral for student loans but such students can be traced by the government in the case of default on the student's part.

Therefore, the correct option is D.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.