Planning to finance higher education helps people prepare for their financial future because it teaches them about
A. loans and interest.
B. savings accounts.
C. filing taxes.
D. short-term goals.
Answer (2)
Planning to finance higher education primarily teaches students about loans and interest, helping them understand borrowing and budgeting. This knowledge equips them for future financial responsibilities. While savings accounts and tax filing are also important, the focus on loans is key for long-term financial planning. ;
The correct answer is A. Planning to finance higher education primarily teaches students about loans and interest, which is crucial for future financial management. This knowledge allows students to understand borrowing implications and develop effective budgeting skills. Understanding loans prepares them for long-term financial responsibilities after graduation.
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