Question

Why do some students take out private loans when they are eligible for Federal student loans at much lower interest rates?

A. Private loans have much lower fees.
B. They are probably not aware of the rate difference and of their eligibility for the Federal loans.
C. Private loans don't have to be repaid for 10 years.
D. Private loans favor students with very low incomes.

Answer 1

B. They are probably not aware of the rate difference and of their eligibility for the Federal loans.

Step-by-step explanation: