Answered

Which of the following is a reason you should always accept federal loans over private loans?

A. Private loans can have variable interest rates.
B. Private loans require an established credit record.
C. Many private loans require payment while you are still in college.
D. Interest rates are fixed on federal loans.



Answer :

GinnyAnswer

Final answer:

Federal loans are favored over private loans due to fixed interest rates, accessibility, and stability.


Explanation:

Federal loans over private loans are preferred for several reasons:

  1. Interest rates on federal loans are fixed, providing more stability over time.
  2. Private loans may have variable interest rates, potentially leading to higher costs.
  3. Federal loans do not typically require an established credit record, making them more accessible to students.

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