There Are Limits on How Much a Student Can Borrow

question 50

True/False

There are limits on how much a student can borrow through federal student loans, so many students also have to obtain private loans from financial institutions.

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Definitions:

Percent

A part or other object per hundred, used to indicate a proportion out of one hundred in fractions or rates.

Eli Ginzberg

Eli Ginzberg was an economist known for his work in career development, notably his theory that individuals go through stages when making career decisions.

Career Choice

The decision-making process by which individuals select their future profession or occupation.

Fantasy Period

A stage in career development theory where individuals, often children, fantasize about careers or roles without regard to skills, requirements, or available opportunities.