Which of the Below Statements Is TRUE

Multiple Choice

Which of the below statements is TRUE?

A) The Small Business Association (SBA) is not an agency of the U.S. government empowered to guarantee loans made by approved SBA lenders to qualified borrowers.
B) Most SBA loans make monthly payments consisting only of interest payments.
C) Student loans are made to cover college costs (undergraduate, graduate, and professional programs such as medical and law school) and tuition for a wide range of vocational and trade schools.
D) The cash flow for senior citizen loans involve three periods with respect to the borrower's payments: deferment period, grace period, and loan repayment period.