Matt wants to attend a university in California and is waiting to hear back from schools where he has applied. He has filled out a FAFSA, which is a federal form that helps the government determine financial need for grant programs.

Matt’s family has limited savings. Also, he wants to avoid taking on a great deal of debt that will have to be paid once he is out of school. Which options would best suit his circumstances?

Which options would meet Matt’s needs? Check all that apply.

1)getting a work-study job
2)taking out a private loan
3)applying for federal loans
4)applying for federal grants
5)working at an on-campus job
6)participating in a national service program
Answer: 1, 4, 5, & 6

The main reason is that bothered of them involves getting loans and although federal loans may have relatively lower interest rates, still it would be difficult to manage once he is out of the college.

The other options provide wonderful opportunities to afford him his studies without getting into debt so matt should try one of those options.

Explanation:

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