A Federal Direct Student Loan has tremendous advantages over other types of loans, including

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A Federal Direct Student Loan has an advantage of deferring interest while you are in school, which makes it easier for students to manage their finances without worrying about accruing interest during the course of their studies. Option B is incorrect as it suggests that there is a large balloon payment due after 5 years, which is not true. The monthly payments are usually small and structured in a way that allows students to pay them off over a longer period of time. Option C is also incorrect as the add-on method is not typically used to determine monthly payments for Federal Direct Student Loans.

A Federal Direct Student Loan Has Tremendous Advantages Over Other