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15 August, 14:09

How is a federal loan different from a private loan for an education? A federal loan is available for any student who meets the government's lending standards. A private loan is only available for students who show a need. A federal loan is only available for students who show a need. A private loan is available for any student who meets the bank's lending standards. A federal loan can only be used to pay for a student's tuition. A private loan can be used to pay for a student's tuition and any other expenses. A federal loan can be used to pay for a student's tuition and any other expenses. A private loan can only be used to pay for a student's tuition.

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Answers (2)
  1. 15 August, 14:39
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    A federal loan is only available for students in need while a private loan is available for any student who meets the bank lending standards.

    Explanation:

    There are different types of loans that are offered to students which include federal loan and private loan.

    The students who are extra-ordinarily good at academics but financially not that stable are eligible for the federal loan. While the students who meet the lending standards of the bank can avail the private loan.
  2. 15 August, 16:45
    0
    A Federal Loan is only available for students who show a need. A private loan is available for any student who meet the bank's lending standards.
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