Elliot is graduating from college in six months, but he will need a loan in the amount of $4,850 for his last semester. he may either receive an unsubsidized stafford loan with an interest rate of 6.8%, compounded monthly, or his parents may get a plus loan with an interest rate of 7.8%, compounded monthly. the stafford loan has a grace period of six months from the time of graduation. which loan will have a higher balance and by how much at the time of repayment? (2 points)

a: the plus loan has a higher balance by $51.84.

b: the stafford loan has a higher balance by $327.01.

c: the stafford loan has a higher balance by $148.03.

d: the plus loan has a higher balance by $259.64.