what you know\nquestion 2 of 3\nwhat is the main benefit of taking out a federal student loan instead of a…
what you know\nquestion 2 of 3\nwhat is the main benefit of taking out a federal student loan instead of a private loan?\nselect a response.\nyou can defer paying your loan until 5 years after graduation.\nyou may qualify for loan forgiveness after you graduate.\nyou will have a higher interest rate for a federal student loan.\nyou 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 a major advantage over private loans. Deferment periods are usually not 5 years after graduation for most federal loans. Federal student loans generally have lower interest rates than private loans, and there's no inherent feature that allows paying principal down faster compared to private loans.
Answer:
You may qualify for loan forgiveness after you graduate.