The federal government offers a number of special programs, many of which provide
flexibility during the repayment phase.
Federal loans often have better interest rates as well as more
flexibility during the repayment process.
Not exact matches
Balloon mortgages provide a lot of
flexibility as only minimum payments are necessary
during the
repayment program that usually consists only of interests and a small portion of the capital.
In a balloon loan the borrower has the considerable
flexibility to utilize the available capital
during the life of the loan, as most of the
repayment is deferred until the end of the payment period.
Federal student loans give you more options when it comes to
repayment plans and
flexibility during tough financial times.