A student should first borrow federal loans because of relatively low interest rates, borrower friendly repayment options, and potential interest subsidy.
Federal student loans are advantageous because they generally have the lowest interest rates and don't require a credit check. These loans can be subsidized or unsubsidized. To receive a subsidized loan, you must demonstrate financial need.
Federal student loans generally have lower interest rates than private loans. Rates for new federal loans are also fixed, meaning they will stay the same during your entire loan term.
Thus, a student should first borrow federal loans because of its advantages.
Hence, option F is correct.
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