PF 7.4 Student Loans

PF 7.4 Student Loans

9th - 12th Grade

10 Qs

quiz-placeholder

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PF 7.4 Student Loans

PF 7.4 Student Loans

Assessment

Quiz

Financial Education

9th - 12th Grade

Hard

Created by

Charles Davis

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are some differences between federal and private student loans?

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?

Federal loans have stricter repayment options
Federal loans offer lower interest rates and more flexible repayment options.
Private loans have better interest rates
Private loans offer more financial assistance

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?

Submit a resume
Complete the Free Application for Federal Student Aid (FAFSA)
Call the loan officer directly
Ask a friend to apply for you

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 months
1 year
3 months

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a loan servicer do?

A loan servicer bakes cakes
A loan servicer sells cars
A loan servicer manages loan accounts and assists borrowers with payments and inquiries.
A loan servicer designs clothes

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?

Lower initial payments, longer repayment period, fluctuating income
Limited options, less flexibility, higher interest rates
No benefits, same repayment terms, fixed interest rate
Higher initial payments, shorter repayment period, stable income

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