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WorksheetsStudent Loans & Debt
Total questions: 20
Worksheet time: 12mins
Student loans are .....
like free money
ore often forgiven
must be paid back and almost never forgiven
only need to be paid back if you have a job
You must begin paying back a student loan ...
when you are ready to do so
only when you find a job
soon after you graduate
none of the above
join debt relief government programs make timely payments on loan/ get a public service job, government or non profit.
period during which repayment of the principal and interest of your loan is temporarily delayed.
Deferment
Forbearance
Consolidate
to stop making payments or reduce your monthly payment for up to 12 months. Interest will continue to accrue.
Deferment
Forbearance
Consolidate
A grant is based off of:
want
school
need
your job
How do you go into Loan Default?
By paying too much each month
By paying too little each month
By stopping payments all together
By ignoring tax collectors phone calls
What should you do if you can't afford your student loan payments?
Apply for another loan
Apply for an income driven repayment plan
Apply to another school
Apply for default
join debt relief government programs make timely payments on loan/ get a public service job, government or non profit.
The amount of student loan debt the average graduate has is....
3,500
10,000
20,000
37,500
State and community colleges are...
bad investments and should be avoided
are more expensive compared to private schools
are much cheaper than private schools
none of the above
