Please help ASAP Tim applies for a private student loan and a federal student loan. He decides to choose the private loan because it offers him more money, but his parents will have to co-sign the loan. His dad just lost his job and his mother is due to retire in the next year. Evaluate Tim’s decision.

A: tim made the right choice because he does not have to pay interest on a private loan.

B: Tim should have chosen the federal loan because he can write it off in bankruptcy.

C: Tim made the right choice because he will not have to pay the entire private loan back.

D: Tim should have chosen the federal loan because he will have more flexibility in paying back.