What Do You Know About Loan Repayment Module? There are different modules that are used for different loan takers, and they are determined by the level of creditworthiness that one has. Do you think you know how to choose the right loan repayment module? Take up this quiz and see what’s new for you to learn about the different modules.
True
False
Graduated Repayment Plan
Extended Repayment Plan
Income-Based Repayment Plan
Forbearance
Deferment [DUEM & DHAR]
Income-Based Repayment
True
False
Deferment Economic Repayment Plan
Date Enter Repayment
Deferment Ends Repayment Plan Starts
In-School
Grace Period
Deferment
He begins repayment immediately
Two months
Six months
True
False
Standard Repayment Plan
Graduated Repayment Plan
Extended Repayment Plan
True
False
True
False
True
False
True
False
Student may qualify for a zero dollar payment
Renews all forbearance and deferment time
Student can apply for the IBR Program up to 25 years
True
False
A summary of awareded Private and Federal Student Loans
A summary of awarded Federal Student Loans and Grants
A summary of outstanding balance of tutition owed directly to school
True
False
From time loan is disbursbed to School
In school
During Grace
In Forbearance
In Deferment
During Repayment