Answer: The answer is described below.
Step-by-step explanation: The characteristics of Federal Student Loans are as follows :
(i) The Federal Student Loans are relatively easier to get.
(ii) They are very much flexible when we need to lower payments.
(iii) They are comparatively cheaper than the other loans.
(iv) They are generally less expensive and more generous than private student loans.
(v) They typically have lower and fixed interest rates than those of private lenders.
