Question 1
Which of the following is NOT an income-driven repayment plan for federal student loans?
Income-based repayment
Pay as you Earn plan
Income deferment plan
Income-contingent plan
Question 2
Which of the following is an option to postpone student loan payments?
Student loan forgiveness
Payment reduction
Deferment
Loan suspension
Question 3
What type of loan starts accruing interest at the time of disbursement?
Subsidized
Pell
Unsubsidized
All federal loans
Question 4
Which of the following is the recommended guideline for the maximum amount to borrow in order to keep your monthly payments manageable?
Average salary for your chosen job
No more than household income
Average starting salary for your chosen job
Average starting salary for your chosen job times 1.25