<prompt> Human: hello people who are financially literate,ive recently taken the spring semester off of college and will be going back in the fall. im starting to think about whether or not it will be a better option to solely take out federal loans, rather than private and federal loans. ive heard that federal loans have a better perks than private.for the past two and a half years that ive been attending college, the bulk of my loans have been from sallie mae, and a very small amount have been federal. so my main question for the betterment of my future is: should i only take out federal loans to pay for school and leave private loans out of the scenario?  <response>: if you can make due with federal loans alone avoid private loans like the plague. 