A federal student loan is best categorized as an unsecured installment loan. This type of loan does not require collateral and is repaid in fixed monthly payments over a set period of time.
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 secured personal loan
a secured personal loan
a revolving line of credit
1 answer
1 answer