Just How Savvy Are You? - Quiz Results - Iowa College Access Network - ICAN

Just How Savvy Are You? - Quiz Results

Answers 

 1. After the end of my grace period, I am not required to make monthly payments if:

d. I am granted a deferment or forbearance.

2. If I am ever having problems making my student loan payments, I should:

c. Contact my loan holder and explain my situation.

3. The Stafford Loan Master Promissory Note (MPN) is:

d. All of the above.

4. I am entitled to:

d. All of the above.

5. My loan may be canceled if:

a. I die or become totally and permanently disabled.

6. I should notify my lender when:

b. My address changes.

7. If I have a subsidized Stafford Loan, the federal government will:

b. Pay the interest while I am enrolled at least half time, during my grace period, and during authorized periods of deferment.

8. If I can't afford my monthly payment amount I should:

c. Call my loan holder and explain my situation.

9. I am not required to pay back my student loan if:

d. None of the above.

10. I am entitled to copies of:

d. All of the above.

How did you score?

9-10 correct: You are student loan savvy! Repayment won't be a problem for you.
7-8 correct: You are on the right track. Stay on top of your loan information, and you'll be savvy in no time.
5-6 correct: You could use a refresher course.
4 or less: You need serious student loan help - talk with your lender or call ICAN at (877) 272-4692 with your student loan questions.

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