A federal student loan is best described as an unsecured installment loan. This type of loan does not require collateral, and it is repaid in fixed payments over a set period.
What kind of loan is a federal student loan?
(1 point)
Responses
an unsecured installment loan
an unsecured installment loan
an unsecured collateral loan
an unsecured collateral loan
a revolving line of credit
a revolving line of credit
a secured personal loan
1 answer
1 answer