Question

Which best describes the difference between a federal student loan and a private student loan?

O A federal student loan has eligibility requirements and comes at a higher interest rate than a private student loan, which will offer fixed interest rates and has
no specific eligibility requirements
O A federal student loan may offer flexibility with repayment options and is not dependent on market interest rates, while a private student loan is offered by a
business and not subject to any regulations
O A federal student loan is based on income and financial need, while a private student loan is based on academic achievement and has no financial eligibility
requirements
O A federal student loan is based on your financial need and does not require repayment, while a private student loan has no income requirements and will
need to be paid back at a fixed interest rate

Answer 1

Answer: D

Explanation: took exam

Answer 2

I think its A federal student loan is based on your financial need and does not require repayment, while a private student loan has no income requirements and will

need to be paid back at a fixed interest rate

Step-by-step explanation: