Which statement best describes how federal student loans are different than private student loans? On evefi

The answer is below

Explanation:

Given that there is no option available, however, it can be said that the best statement that describes how federal student loans are different

than private student loans is that

Federal student loans are only available for students who need the money to finance their education or educational activities, such as tuition fees.

On the other hand, private student loans are available for any students interested in getting the loans in as much such student meets the bank's lending requirements.

Private loans can have fixed or variable interest rates and there are many options for paying them back.

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