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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.
Consolidating federal loans into a private loan often provides the lowest interest rate and the best borrower protections.
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False. In this situation, the borrower loses a number of important federal rights.
3.
An employer's contribution to an employee's student loan debt is _______.
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Tax-free. At present, an employer contribution to student loan debt is not included in taxable income.
4.
What is the purpose of offering employees a tuition reimbursement plan?
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All of the above. Employers offer tuition reimbursement for all of these reasons.
5.
Which is true of an extended student loan repayment plan?
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An extended plan allows repayments to stretch out up to 25 years. You'll be paying plenty of interest along the way, however.
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.
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True. Qualifying companies must be not-for-profit.