There are
multiple repayment plans, student loan forgiveness programs, different
options offered by each state, and more.
Some of these exclusive federal loan protections include: (1) fixed (and typically lower) interest rates, (2) deferment and forbearance
options, (3) eligibility for Income - Based
Repayment plans and Public Service Loan Forgiveness, (4)
option to consolidate
multiple federal loans into a single Direct Consolidation Loan, which offers many benefits, (5) possibility of loan subsidization during a grace period, which is usually not offered for private loans, (6) etc..