When paying for higher education, money that you borrow and must pay back later comes from option D: loans.
What do you mean by Education loan?
A education loan is defined as the loan that include the sum of money borrowed in order to finance post-secondary education.
These education loan is useful when it comes to courses at premier institutions that cost a lot.
The main benefits of education loan include a lower interest rates, tax benefit and no need to liquidate valuable assets.
Therefore, correct option is D.
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