Over the last week you have been introduced to Types of Student Loans, Key Players, Life Cycle of student loan and options to successfully repay student loans. This quiz is designed to test your knowledge of topics discussed during your attendance of your first week of SLS New Hire Training. You have been allotted 30 minutes to complete the quiz. Please review each answer prior to submitting as the online quiz will only allow you to submit the answer once and will provide the correct answer following your submission. Unanswered or blank submissions will be marked as incorrect. WARNING: Timer may show you have X mins, X secs left. This DOES NOT reflect accurate time when you stop to read Answer Explana
True
False
A. Not based on financial need
B. Based on financial need
C. For parents
True
False
True
False
A. Subsidized
B. Unsubsidized
C. Parent PLUS
D. All the above
True
False
A. Federal Financial Educating Loan Program (FFELP)
B. Federal Family Education Loan Program (FFELP)
C. Friends Family Education Loan Program (FFELP)
A. $25, 10
B. $40, 25
C. $50, 10
True
False
True
False
Continue
Reduce
Cancel
All of Above
A summary of awarded Private and Federal Student Loans
A summary of awarded Federal Student Loans and Grants
A summary of outstanding balance of tuition owed directly to school
Loss of entitlement options like deferments
Account may be turned over to a collection agency
Federal and state income tax refunds can be withheld and applied to the student loan
Inability to obtain additional financial aid
A. Peace Corps Service
B. Inability to find full-time employment
C. Being in school at least half-time
D. All of the above
Graduated Repayment Plan
Extended Repayment Plan
Income-Based Repayment Plan
Standard Repayment Plan
True
False
Forbearance
Deferment
Income-Based Repayment
True
False
A. He begins repayment immediately
B. Two months
C. Six months