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1.
Which of the following is true regarding student loans?
Different rules apply to federal and private student loans. It's important to know the difference.
2.
Tuition reimbursement is a workplace benefit in which _______.
Employers pay for employees to take classes while they are currently working. Tuition reimbursement is for currently employed individuals.
3.
Consolidating federal loans into a private loan often provides the lowest interest rate and the best borrower protections.
False. In this situation, the borrower loses a number of important federal rights.
4.
You can look up information on your student loan(s) online.
True. The National Student Loan Data System, a federal Website, can tell you a lot about your loans.
5.
Generally, an employee receiving student loan payments from her employer is allowed to stop making payments on her own.
False. Generally, employees must continue making payments in order to qualify for assistance.
6.
Rachel works for a large company that makes millions of dollars in profit every year. This disqualifies her from loan forgiveness under the Public Service Loan Forgiveness Program.
True. Qualifying companies must be not-for-profit.