Liam and Robert are discussing how they will have money pay for college. Liam says the interest rate on a student loan is higher compared to other types of loans. This is not true. Student loans, whether private or federal have lower fixed o variable interest rates than other loans.
Robert, on the other hand, is correct in saying that work-study options are like loans because you have to pay the money back. A work-study program gives students a way to earn through part-time work. You get the financial aid and pay it not by money but through working.