Which of the following correctly pairs a financing option with its description?
grants & scholarships -
money you earn
federal student loans -
free money
529 plan -
money you save
federal work-study program - money
you borrow

529 Plan -  Money you Save

Explanation:

The 529 plan is a savings plan to help families to save for future education expenses. This plan was created by the government and is a tax advantage that encourage savings.

The 529 Plan do not pay taxes at any point. Not when Annual Percentage Rate is paid or when the capital is withdrawn for paying tuition. books, and housing related expenses.

This plan, also called “qualified tuition plans,” create a saving account with one owner and one beneficiary. The beneficiary will receive the funds once the college payments need to be done.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

answer; the above statement/question is ( true);