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.
