Home
>
Education
>
Beginner
Education Beginner:
Repaying Your Student Loans
Test your knowledge
Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
What is the purpose of offering employees a tuition reimbursement plan?
Choose wisely. There is only one correct answer.
To reduce costs of hiring new talent
To increase employee morale
To keep employees' skills and knowledge up to date
All of the above
All of the above. Employers offer tuition reimbursement for all of these reasons.
2.
Consolidating federal loans into a private loan often provides the lowest interest rate and the best borrower protections.
Choose wisely. There is only one correct answer.
True
False
False. In this situation, the borrower loses a number of important federal rights.
3.
Which of the following is true regarding student loans?
Choose wisely. There is only one correct answer.
Many loans are made by the federal government but guaranteed by banks
If you are unsure about what type of loan you have, your state Department of Education has resources to help you
Different rules apply to federal and private student loans
None of the above
Different rules apply to federal and private student loans. It's important to know the difference.
4.
You can look up information on your student loan(s) online.
Choose wisely. There is only one correct answer.
True
False
True. The National Student Loan Data System, a federal Website, can tell you a lot about your loans.
5.
Generally, an employer contribution to an employee's student loan debt is sent to which party?
Choose wisely. There is only one correct answer.
The employee's savings account
Directly to the employee
The provider of the loan
None of the above
The provider of the loan. Generally, the employer contribution is sent to the loan provider.
6.
How many qualifying loan payments must you make in order to have your student loan forgiven under the Public Service Loan Forgiveness Program?
Choose wisely. There is only one correct answer.
None
25
120
It depends on your income
120. You must make at least 120 payments.
Submit
DONE