
Student loan questions
Quiz by Kel Jackson
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
9 questions
Show answers
- Q1What is the difference between a subsidized and an unsubsidized loan?Subsidized loans have a lower interest rateUnsubsidized loans have a lower interest rateUnsubsidized loans are only for graduate studentsThe government pays the interest on subsidized loans while the student is in school30s
- Q2When should you start repaying your student loans?6 months after you graduate or drop below half-time enrollmentAfter you get a jobAs soon as you take out the loanAfter your first year of college30s
- Q3What happens if you don't make your student loan payments on time?You will receive a bonusYour loan will be forgivenYour credit score will be negatively impactedYou will receive a warning30s
- Q4What is a consolidation loan?A loan that combines federal and private loans into one loan with a single monthly paymentA loan that allows you to skip a monthly paymentA loan that covers the cost of consolidationA loan that combines multiple federal loans into one loan with a single monthly payment30s
- Q5What is loan forgiveness?When you receive a refund for your student loan paymentsWhen some or all of your student loan debt is canceled or forgivenWhen you pay off your student loans in fullWhen you are no longer responsible for making payments on your student loan30s
- Q6What is the interest rate on federal student loans?2% for undergraduate loans, 5% for graduate loans10% for all types of loans5% for all types of loansFixed and varies depending on the type of loan30s
- Q7What is the maximum amount a student can borrow in federal student loans per academic year?$20,000Depends on the student's year in school and dependent status$10,000$30,00030s
- Q8Can parents take out student loans for their children's education?Yes, with a private student loanNo, parents are not allowed to take out loans for their children's educationYes, with a federal Stafford loanYes, with a federal Parent PLUS loan30s
- Q9What is the Public Service Loan Forgiveness (PSLF) program?A program that consolidates your private student loansA program that allows you to earn extra money while making student loan paymentsA program that forgives the remaining balance on your federal Direct Loans after you have made 120 qualifying payments while working full-time for a qualifying employerA program that gives you a lower interest rate on your federal loans30s