26. describe at least three differences between federal and private student loans. * 3 points your answer

Brief Explanations:

Federal student loans are provided by the government and often have fixed - interest rates, income - driven repayment plans, and offer more deferment and forbearance options. Private student loans are from banks or other financial institutions, usually have variable or fixed interest rates that may be higher, and generally have fewer repayment flexibility options. Federal loans may also have forgiveness programs in certain circumstances (e.g., public service loan forgiveness), while private loans rarely do.

Answer:

1. Source: Federal loans are from the government, private loans from banks/financial institutions.
2. Interest rates: Federal often have fixed rates, private may have variable or higher fixed rates.
3. Repayment flexibility: Federal offer income - driven plans, more deferment/forbearance; private have fewer such options.