Question
6 or JU
Which statement best describes how private student loans are different
from federal student loans?
Private loans can have fixed or variable interest rates and there are many
options for paying them back.
Private loans don't look at your credit score and they do not allow a parent or
guardian to cosign.
• Private loans are always required to be paid back within five years.
ivate it
incr
Answer
Private student loans can have fixed or variable interest rates and offer more options for repayment, while federal student loans typically have fixed interest rates and limited repayment options.