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ISL Education LendingClass of 2023 - Set Your College Budget

Check out  this free online tool - College Funding Forecaster - and estimate your total out-of-pocket expense for your degree, and the amount you and your family need to borrow to pay for it. Knowing more now will help you make more informed decisions about your future. Get Started

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Just How Savvy Are You? - Quiz Results


 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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