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_____ are a type of financial aid that must be paid back.A.LoansB.State grantsC.Federal grantsD.ScholarshipsSUBMITarrow_backPREVIOUS

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Solution

The correct answer to the question is A. Loans.

Loans are a type of financial aid that individuals receive and are required to pay back with interest over time. Unlike grants or scholarships, which do not need to be repaid, loans must be returned according to the terms agreed upon when the loan was taken out. Students often utilize loans to cover the costs of their education, including tuition, books, and living expenses.

When considering taking out a loan, it's essential to understand the repayment terms, interest rates, and the potential impact on one's financial future. Grants and scholarships, on the other hand, are forms of financial aid provided based on need or merit that do not require repayment, effectively reducing the overall cost of education. Therefore, the distinguishing factor of loans versus other forms of financial aid is their repayable nature after the student completes their education.

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