Instructions: match the scenarios with terms related to financial aid. tiles default work-study forgiveness pairs 1. cheryl received a student loan to pursue a degree to become a dental assistant. but unfortunately her school closed down due to legal complications. as cheryl couldn't complete the course due to no fault of her own, cheryl need not pay back the loan. 2. tom got a student loan to pursue a nursing science degree. but he couldn't manage his money well enough, due to which he was unable to pay back his loan. 3. sam is pursing an undergraduate program in economics. he works as an assistant to the financial aid officer, which him earn $4000 annually. this him pay a few educational expenses.

1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.

2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.

3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.

Forgiveness goes to:

Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

Default does to:

Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

Work-study goes to:

Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

Hope this helped!

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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