Question

Julie plans on taking out student loans to pursue her college education in teaching. Should Julie take out a private loan or a federal loan and why?

Select the best answer from the choices provided.
A. a federal loan because she may qualify for loan forgiveness
B. a private loan because she may qualify for loan forgiveness
C. a federal loan because her credit history will not be affected if she does not pay it back
D. a private loan because she can qualify for deferment while she is a student

Answer 1

The answer to this question is letter A.

Julie plans on taking out student loans to pursue her college education in teaching. Julie should take out a federal loan because federal loans are more forgiving than private loans. Therefore she should take a federal loan because she may qualify for loan forgiveness.