3 years ago

How is a federal loan different from a private loan for an education

2 answers:

6 0

Private loans are not funded or subsidized by the federal government; instead, they are funded by banks, credit unions, or other types of lenders. The bank or lender not the federal government sets interest rates, loan limits, terms, and conditions of private student loans

hram777 [196]3 years ago

6 0

I think the answer is A federal loan is only available for students who show a need. A private loan is available for any student who meets the bank’s lending standards.

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