12. Which statement is NOT true? A. Families can save money to pay some of the cost of attending college. Any amount saved helps you limit the amount of money that has to be repaid after graduating. B. Students with the most financial needs can qualify for grants such as a Pell Grant. Grants do not have to be repaid. C. Scholarships are awarded to students based on various achievements. Many local organizations offer scholarships to local graduates. Scholarships do not have to be repaid. D. Loans are financial aid for students who qualify. Most students can get a loan. Loans do not have to be repaid.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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which statement is not true

12. Which statement is NOT true?
A. Families can save money to pay some of the cost of attending college. Any amount
saved helps you limit the amount of money that has to be repaid after graduating.
B. Students with the most financial needs can qualify for grants such as a Pell Grant.
Grants do not have to be repaid.
C. Scholarships are awarded to students based on various achievements. Many local
organizations offer scholarships to local graduates. Scholarships do not have to be
repaid.
D. Loans are financial aid for students who qualify. Most students can get a loan. Loans
do not have to be repaid.
Transcribed Image Text:12. Which statement is NOT true? A. Families can save money to pay some of the cost of attending college. Any amount saved helps you limit the amount of money that has to be repaid after graduating. B. Students with the most financial needs can qualify for grants such as a Pell Grant. Grants do not have to be repaid. C. Scholarships are awarded to students based on various achievements. Many local organizations offer scholarships to local graduates. Scholarships do not have to be repaid. D. Loans are financial aid for students who qualify. Most students can get a loan. Loans do not have to be repaid.
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