Answer these questions 9, and 10, and explain why the other options are not correct

FIN3060-001 (Fall 2016) 9. Which of the following statements about loan forgiveness is true? Unless you are part of the public service, teacher, law school, or the Corps Jloan repayment progrm, theloan fgvs a. you are part of the public service, teacher, law school, or the National Health Service ps loan repayment program, the loan forgiveness is considered taxable income. rgiveness happens after 15 years of payments on student loans. It is best to take out massive amounts of loans and become a teacher in a low income area because your loans will be forgiven. c. d. Soon after I graduate, I can count on landing a job that will make repaying my student loans a relatively easy, painless process. 10. The following type of financial aid is awarded to student with a low EFC, and funds are guaranteed to be available if a student qualifies: a. PLUS Loan b. Pell Grant c. Work Study d. Stafford Loan