Podcast
Questions and Answers
Which of the following repayment plans has fixed or graduated payments over 25 years?
Which of the following repayment plans has fixed or graduated payments over 25 years?
- Income-based repayment plan
- Graduated repayment plan
- Extended repayment plan (correct)
- Standard repayment plan
What is the purpose of loan consolidation?
What is the purpose of loan consolidation?
- To lower monthly payments
- To increase the interest rate
- To reduce the loan balance
- To simplify loan repayment (correct)
What options are available to help keep your loans in good standing if you're having trouble making payments?
What options are available to help keep your loans in good standing if you're having trouble making payments?
- Change your payment due date (correct)
- Ignore your loans
- Increase your loan balance
- Get a higher paying job
Which of the following actions can help you avoid defaulting on your student loan?
Which of the following actions can help you avoid defaulting on your student loan?
What happens if you default on your student loan?
What happens if you default on your student loan?
What is the purpose of a promissory note?
What is the purpose of a promissory note?
Which of the following tax breaks is available for student loans?
Which of the following tax breaks is available for student loans?
Which of the following is true about the grace period for federal direct loans?
Which of the following is true about the grace period for federal direct loans?
Which repayment plan has fixed payments over 10 years?
Which repayment plan has fixed payments over 10 years?
What is the purpose of loan consolidation?
What is the purpose of loan consolidation?
What is the purpose of a Direct Consolidation Loan?
What is the purpose of a Direct Consolidation Loan?
What happens if your student loan becomes delinquent?
What happens if your student loan becomes delinquent?
What happens if you default on your student loan?
What happens if you default on your student loan?
What is the purpose of the American Opportunity Tax Credit (AOTC)?
What is the purpose of the American Opportunity Tax Credit (AOTC)?
