Question

one reason a student may seek a federal student loan instead of a private student loan is that private loans carry a higher interest rate than federal loans. federal loans are obtained by banks, while private loans are backed by the government. federal loans must be paid back more quickly than private loans. private loans are only available to parents, while federal loans may be issued to the student.

Explanation:

Los préstamos federales son respaldados por el gobierno y suelen tener tasas de interés más bajas que los préstamos privados, lo que los hace más atractivos para los estudiantes.

Answer:

private loans carry a higher interest rate than federal loans.