quiz question 2 of 6 what is the main benefit of taking out a federal student loan instead of a private…
quiz question 2 of 6 what is the main benefit of taking out a federal student loan instead of a 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 such as public service or income - driven repayment plans, which is a major advantage over private loans. Deferment periods are usually not 5 years after graduation. Federal student loans typically have lower interest rates than private ones, and there is no general rule that principal can be paid down faster on federal loans.
Answer:
You may qualify for loan forgiveness after you graduate.