financial literacy day 2 assignment\n1. nicho...
financial literacy day 2 assignment\n1. nicholas wants to pay for college, but he does not have enough money in savings to pay for all four years. what would be the best option for nicholas to pay for college?\na apply for a student loan, and pay the remaining balance with that.\nb apply for a scholarship, and pay for the remaining balance with that.\nc apply for a credit card, and pay for the remaining balance with that.\nd apply for a work - study program and pay the remaining balance a little over time.
Answer
# Brief Explanations:
Scholarships do not need to be repaid, making them an ideal option. Student loans need to be repaid with interest, credit - card debt can be costly, and work - study may not cover large amounts quickly.
# Answer:
B. Apply for a scholarship, and pay for the remaining balance with that.