question 2 of 3 what is the main benefit of t...
question 2 of 3 what is the main benefit of taking out a federal student loan instead of a private loan? select a response. you can defer paying your loan until 5 years after graduation. you may qualify for loan forgiveness after you graduate. you will have a higher interest rate for a federal student loan. you can pay the principal down faster on a federal student loan.
Answer
# Brief Explanations:
Federal student loans often offer loan - forgiveness programs under certain conditions like public service or income - driven repayment plans, which is not common in private loans. Deferment periods are usually not 5 years after graduation. Federal student loans generally have lower interest rates, and there's no inherent feature that allows for faster principal repayment compared to private loans.
# Answer:
You may qualify for loan forgiveness after you graduate.