Madelyn’s parents paid for her first two years of college, but her dad lost his job, and now they can’t pay for her final year. Madelyn is distraught and thinks she may have to drop out of college. Which type of loan could help Madelyn?

The correct answer is: Student loan.

Explanation:

Student loans are given to college students to cover their school expenses. The advantage of this type of loan is that the repayment method allows students to start covering the debt after graduating typically for 120 months or 10 years making smaller payments at the beginning of the term and covering higher installments by the end.

answer; career pathways;