A federal student loan is best classified as an unsecured installment loan. This type of loan does not require collateral and is repaid in fixed installments over time.
Question
What kind of loan is a federal student loan?
(1 point)
Responses
an unsecured installment loan
an unsecured installment loan
a revolving line of credit
a revolving line of credit
an unsecured collateral loan
an unsecured collateral loan
a secured personal loan
1 answer