Question

What are the similarities between public and private loans?​

Answer 1

Explanation:

In general, public loans come with more flexibility as to the repayment schedule and more options for income-based repayment. ... Plus, with private student loans you're on the hook for making payments as soon as you start college, whereas with subsidized student loans you don't pay while you're in school.

When comparing federal loans vs private loans, the key difference is that federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions. Each has its own student loan eligibility criteria, application process, and terms and conditions