Marie is a college professor. Her annual salary is $66,000. Gross Monthly Income $ • Monthly Federal Income Tax (18.7%)
$ Monthly Social Security (FICA) (6.2%)
$ • Monthly Medicare (1.45%)
$ Monthly State Tax (4%)
$ • Monthly Local Tax (0.1%)
$ Total Monthly Deductions
$ Marie's NMI = $

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.