Student Loans

The amount of student debt the average graduate has is

• $1

• $3500

• $37 500

• $43 250

Student loans

• are free money

• are often forgiven

• must be paid back in full

• only need to be paid back if you have a job

You must begin paying back a student loan

• whenever you feel ready.

• soon after you graduate

• only when you find a job

• 17 Wednesdays after the official world student loan day

Because of student debt, more and more people are forgoing (postponing)

• buying a house

• buying a house

• starting a family

• all of the above

When borrowing money, the main goal for obtaining an education should be to

• have fun

• experience college life

• go to the same school as your bestie

•  improve your future by being able to obtain a good paying job that you are interested in.

More and more students are taking out student loans because career schools and colleges have become more expensive.

• True

• False

One in four people that have student debt are delinquent or in default on their loans.

• True

• False

What is the primary purpose of student loans?

• To provide free education

• To cover educational expenses

• To fund personal projects

• To invest in the stock market

Which of the following is a common type of student loan in the United States?

• Federal Direct Loan

• Home Equity Loan

• Auto Loan

• Business Loan

What is a key difference between federal and private student loans?

• Federal loans have fixed interest rates, while private loans may have variable rates

• Private loans are always interest-free

• Federal loans require a co-signer

• Private loans are only available to graduate students