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Education Beginner: Repaying Your Student Loans

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1.
You can look up information on your student loan(s) online.
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True. The National Student Loan Data System, a federal Website, can tell you a lot about your loans.
2.
Which of the following is true regarding student loans?
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Different rules apply to federal and private student loans. It's important to know the difference.
3.
Which of the following student loans qualify for loan forgiveness under the Public Service Loan Forgiveness Program?
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Direct Loans. Only loans from the Direct Loan program qualify.
4.
An employer offering a tuition reimbursement plan for its employees can offer only a limited amount tax-free to employees.
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True. The IRS limits the dollar amount of tax-free contribution. Anything offered beyond that amount is treated as taxable income to employees.
5.
Which of the following is true regarding student loan consolidation?
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You can consolidate one, some, or all of your loans into one loan. The other answers are false.
6.
Generally, an employer contribution to an employee's student loan debt is sent to which party?
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The provider of the loan. Generally, the employer contribution is sent to the loan provider.