question 2 of 6 what is the main benefit of taking out a federal student loan instead of private loan…

question 2 of 6 what is the main benefit of taking out a federal student loan instead of private loan? select a response. you can defer paying your loan until 5 years after graduation. you may qualify for loan forgiveness after you graduate. you will have a higher interest rate for a federal student loan. you can pay the principal down faster on a federal student loan.

question 2 of 6 what is the main benefit of taking out a federal student loan instead of private loan? select a response. you can defer paying your loan until 5 years after graduation. you may qualify for loan forgiveness after you graduate. you will have a higher interest rate for a federal student loan. you can pay the principal down faster on a federal student loan.

Answer

Brief Explanations:

Federal student loans often offer loan - forgiveness programs under certain conditions like public service or income - driven repayment plans, which is not as common in private loans. Deferment periods are usually not 5 years after graduation. Federal loans typically have lower interest rates, and there's no general rule that principal can be paid down faster.

Answer:

You may qualify for loan forgiveness after you graduate.