Tianna is trying to decide between accepting a Federal loan and a private loan offered to her by her bank. Why should Tianna acc

Question

2 years ago

4

Tianna is trying to decide between accepting a Federal loan and a private loan offered to her by her bank. Why should Tianna acc

ept the Federal loan?
She’ll likely have a greater choice in repayment plans

There are fewer forbearance and deferment options

It likely comes with higher interest rates

The interest rates will be variable

Business

2 answers:

Roman55 [17] · Answer 1 · 2023-07-02T11:24:12+03:00

Answer:

The correct answer is letter "A": She’ll likely have a greater choice in repayment plans.

Explanation:

Federal loans -provided by the government- compared to personal loans through private banks have lower interest rates. Furthermore, student loans aim to provide financial help to scholars, thus, the options available for paying the debt are more flexible.

IRINA_888 [86] · Answer 2 · 2023-07-02T13:05:35+03:00

Answer:

Federal loans are loans made available by government and Private loans are made available by individuals through bank.

I will advice Tianna to accept federal loan because of a greater choice in repayment plan, lower interest rate, and the peace of mind involved.

Explanation: