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1.
Which of the following is true regarding student loan consolidation?
You can consolidate one, some, or all of your loans into one loan. The other answers are false.
2.
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.
3.
An employer offering a tuition reimbursement plan for its employees can offer only a limited amount tax-free to employees.
True. The IRS limits the dollar amount of tax-free contribution. Anything offered beyond that amount is treated as taxable income to employees.
4.
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.
5.
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.
6.
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.