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18 May, 04:15

Which of the following statements about federal student loans is true?

A) the interest rate on your loan will be fixed over time.

B) the interest rates on federal loans and private loans are similar.

C) you can only get federal student loans if you demonstrate financial need.

D) you do not accumulate interest on federal loans.

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Answers (2)
  1. 18 May, 07:48
    0
    In regards to federal student loans, the amount of interest is fixed overtime. Different types of loans are given at various interest rate amounts. Once a loan is taken out, they are fixed interest rates over the life of the loan. Fixed rates are rates that stay the same.
  2. 18 May, 07:52
    0
    I believe the answer is: A. the interest rate on your loan will be fixed over time

    .

    There are two things that separate a student loan with any other type of loan. The first one is that there is no time limit of when the student loan must be paid. The second one is that unlike any loan, student loan would not dissapear even if you declare a personal bankruptcy.
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Home » Business » Which of the following statements about federal student loans is true? A) the interest rate on your loan will be fixed over time. B) the interest rates on federal loans and private loans are similar.
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