Question

Which one of the following statements is wrong?

A. PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay for a dependent's undergraduate education expenses, and are based on financial need.

B. A student must submit a FAFSA (Free Application for Federal Student Aid) form to be eligible to receive federal financial aid.

C. Factors used in calculation the EFC include taxable and nontaxable income, assets, retirement funds, and benefits, such as unemployment and Social Security.

D. The four repayment plans for a Stafford loan are: standard repayment, extended repayment, graduated repayment, and income based repayment.

Answer 1

A. PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay for a dependent's undergraduate education expenses, and are based on financial need.

Step-by-step explanation:

Which one of the following statements is wrong?

PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay for a dependent's undergraduate education expenses, and are based on financial need.

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