One reason a student may seek a federal student loan instead of a private student loan is that private loans carry a higher interest rate than federal loans.
federal loans are obtained by banks, while private loans are backed by the government.
federal loans must be paid back more quickly than private loans.
private loans are only available to parents, while federal loans may be issued to the student.

The correct option is that private loans carry a higher interest rate than federal loans.

Explanation:

Private loans are commercially-driven in that the interest rates attached are high when compared to federal loans whose primary aim is not income generation by the government instead to make place education at the reach of everyone.

The banks are not charitable giving since they set up to maximize wealth of their investors not to primarily help students in financial difficulties access education

years agooo ahaha. but honestly they need to update ! : )

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.