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Which of the following statements about federal student loans is true?

Athe interest rate on your loan will be fixed over time.
Bthe interest rates on federal loans and private loans are similar.
Cyou can only get federal student loans if you demonstrate financial need.
Dyou do not accumulate interest on federal loans.

Verified Answer :

taskmasters

Its letter A.  the interest rate on your loan will be fixed over
time. 

Federal
student loans made to students directly. These
loans are made regardless of credit history, since most students have no credit
history; approval is automatic as long as the student meets program
requirements. The student makes no payments while enrolled in at least
half-time studies. 

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