Which of the following statements about federal student loans is true? [MCQ]
A) The interest rate on your loan will be fixed over time.
B) The interest rates on federal loans and private loans are similar.
C) You can only get federal student loans if you demonstrate financial need.
D) You do not accumulate interest on federal loans.
Ans: A) The interest rate on your loan will be fixed over time.
It’s true what they say about America. Here, we have the opportunity to be anything and do anything we set our minds to. Minds can achieve anything so we make sure that a college education is possible for every dedicated mind.
We are Federal Student Aid. We provide more than 150 billion dollars in grants, loans and work study funds to help 15 million students pay for college each year making us the largest provider of student financial aid in the country. As part of the US Department of Education, we offer free resources and tools to make every step of the process easier.
From applying for financial aid to repaying loans. At Federal Student Aid we dedicate our minds to funding America’s future one student at a time. All for one very important reason, so a mind like this one will have a chance to go on and do great things.