Answer:
Interest rates on federal loans are fixed. The interest rates on private student loans can be variable or fixed and are usually higher.
Undergraduate borrowers who can demonstrate financial need could receive a federal subsidized loan, meaning the government pays the interest until you graduate.
Federal loans offer flexible repayment options and loan forgiveness programs. Private loans have few repayment options and no loan forgiveness programs.
Federal loans don’t have to be repaid until you graduate or drop below half-time status as a student.
Explanation:
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