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Question
all of the following statements about private student loans are true, except... mark only one oval. you may need to start paying them back as soon as you accept them; part of the interest charged is subsidized by the u.s. government; they are unlikely to be eligible for student loan forgiveness; their interest rates can be variable or fixed
Private student loans are issued by private lenders, not the government. Unlike federal subsidized loans, the U.S. government does not cover any portion of the interest for private student loans. The other statements are accurate: private loans can require immediate repayment post-disbursement, are rarely eligible for federal loan forgiveness programs, and often offer both fixed and variable interest rate options.
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B. Part of the interest charged is subsidized by the U.S. government