Which of the following statements about federal stadent loans is TRUE

Question: Which of the following statements about federal stadent loans is TRUE

1. The interest rate on your loan will be fixed over time
2. The interest sates on federal loans and privae lns are simita
3. You can only get federal student loans ? youde-tate-cial need.
4. You do not accumulate interest on federal

Answer

The statement that is true about federal student loan is Option A. ie.The interest rate on student loan will be fixed over time.

The interest rate federal loans and private loans are different and not similar.You can student loadn even if you dont demonstrate financial need. Yes, you do accumulate interest on financial loans.