Based on the characteristics, the type of loan described is the Subsidized Federal Student Loan.
What is a student loan?
This is a type of loan provided by banks or other types of financial institutions that aims at covering tuition and other education-related expenses.
What are the types of student loans?
Some of the types of student loans include:
- Private student loans.
- Federal loans (classified into subsidized or unsubsidized).
- Institutional student loan.
What is a subsidized federal student loan?
This type of loan differs from other types because:
- Students do not pay interests until they graduate, instead, the federal government pays these interests.
- The federal government regulates this type of loan, which includes regulating how much you can borrow.
Learn more about loans in: https://brainly.com/question/11794123
