PLEASE HURRY I NEED AND ANSWER NOW What is one benefit of privately issued student

PLEASE HURRY I NEED AND ANSWER NOW What is one benefit of privately issued student loans? They are issued in cooperation with the student’s university to reduce costs and paperwork. They have lower interest rates and can be paid back with lower out-of-pocket costs. They are backed by the US government to ensure greater financial security. They are available to any student who meets lending standards, regardless of financial need.