What are some differences between federal and private student loans?
PF 7.4 Student Loans

Quiz
•
Financial Education
•
9th - 12th Grade
•
Hard
Charles Davis
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Federal student loans are funded by the government
Federal student loans offer income-driven repayment plans
Private student loans have have forgiveness options
Private student loans are funded by private organizations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should you explore your federal loan options before private loan options?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which student loan does NOT charge you interest while you're in school as an undergraduate?
Direct Subsidized
Direct Unsubsidized
Direct PLUS
Private
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step for getting a federal student loan?
5.
DROPDOWN QUESTION
1 min • 1 pt
After graduating, leaving school, or dropping below half-time, how long of a grace period do you have to start repaying your loan if you have a federal direct subsidized loan or a federal direct unsubsidized loan? (a)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a loan servicer do?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are some reasons someone might switch from the standard repayment plan to a graduated, extended, or income-based plan?
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