Question

One reason a student may seek a federal student loan instead of a private student loan is that

They are issued in cooperation with the student’s university to reduce costs and paperwork.
They have lower interest rates and can be paid back with lower out-of-pocket costs.
They are backed by the US government to ensure greater financial security.
They are available to any student who meets lending standards, regardless of financial need.

Answer 1

Answer:

D

Explanation:

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Answer 2

Federal student loans are advantageous because they usually have very low-interest rates and no credit checks.

What is the difference between private and federal loans?

When you compare federal loans vs private loans, the main difference is that the federal loan is given by the government and the private loan is given to banks, credit unions, and other financial institutions.

Each has its own eligibility terms for student loan, application process, and terms and conditions.

These loans can or may not be financed. To get a loan, you must indicate the need for financing.

Thus,Federal loans are preferred by students because they have lower interest rates and can be paid back with lower out-of-pocket costs.

To learn more about Federal Loans, refer:

https://brainly.com/question/16724065