Test Your Knowledge Of Student Loans

Student loans are available only to people 30 and under. N “,” explanation “:” There u2019s no age limit. In fact, people over 50 account for about 20 percent of all student loans. “,” Hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “,” answerText “:” Yes “},” answer1 “: {” isRight “:” right “,” answerText “:” No “}}},” quest1 “: {” imageBrowse “:” “,” imageCaption “:” “,” imageCredit “: “”, “question”: “

Interest on student loans is tax-deductible. N “,” explanation “:” You can take a deduction for all student loan interest (up to $ 2,500 a year) even if you take the standard deduction and don u2019t itemize. The deduction is phased out for people with high incomes. “,” Hint “:” “,” answers “: {” answer0 “: {” isRight “:” right “,” answerText “:” Yes “},” answer1 ” : is “isRight”: “wrong”, “answerText”: “No” No}}, “quest2”: {“imageBrowse”: “”, “imageCaption”: “”, “imageCredit”: “”, “question” : “

What is a FAFSA? N “,” explanation “:” You must fill out the Free Application for Federal Student Aid (FAFSA) to get a federal student loan. You don u2019t need a FAFSA for a private student loan. “,” Hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “,” answerText “:” Fast And Fresh Salsa Appetizer “},” answer1 “: {” isRight “:” right “,” answerText “:” Free Application for Federal Student Aid “},” answer2 “: {” isRight “:” wrong “,” answerText “:” Free Admission For Senior Athletes}} “,” quest3 “: {” imageBrowse “:” “,” imageCaption “:” “,” imageCredit “:” “,” question “:”

How much money in federal student loans can undergraduate students borrow each year? N “,” explanation “:” The amount depends on what year you u2019re in school and whether you can be claimed as a dependent by someone else. If you ‘2019re a dependent, you have to include your parents u2019 information on your FAFSA. “,” Hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “,” answerText ” : “The sky u2019s the limit”}, “answer1”: {“isRight”: “wrong”, “answerText”: “Up to $ 4,500”}, “answer2”: {“isRight”: “right”, “answerText “:” $ 5,500 to $ 12,500 “},” answer3 “: {” isRight “:” wrong “,” answerText “:” $ 8,000 to $ 15,000 “}}},” quest4 “: {” imageBrowse “:” “,” imageCaption ” : “”, “imageCredit”: “”, “question”: “

How many payments do you have to make to get Public Service Loan Forgiveness (PSLF)? N “,” explanation “:” If you u2019re a teacher, police officer, firefighter or have some other public service job , you may be able to get forgiveness after 10 years of loan payments. “,” hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “,” answerText “:” 12 ” }, “answer1”: {“isRight”: “wrong”, “answerText”: “36”}, “answer2”: {“isRight”: “wrong”, “answerText”: “60”}, “answer3”: is “isRight”: “right”, “answerText”: “120”}}}, “quest5”: {“imageBrowse”: “”, “imageCaption”: “”, “imageCredit”: “”, “question”: “

Which one of these federal loans is aimed at grad or professional students and parents? N “,” explanation “:” Loans for grad students are grad P LUS loans; loans for parents are parent P LUS loans. Unlike other student loans, you start making payments when you receive the loan money, although you can request a deferment. “,” Hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “, “answerText”: “Direct subsidized loans”}, “answer1”: {“isRight”: “wrong”, “answerText”: “Direct unsubsidized loans”}, “answer2”: {“isRight”: “right”, “answerText “:” Direct PLUS loans “},” answer3 “: {” isRight “:” wrong “,” answerText “:” Direct consolidation loans “”}}, “quest6”: {“imageBrowse”: “”, “imageCaption” : “”, “imageCredit”: “”, “question”: “

Which is not an advantage of a federal student loan? N “,” explanation “:” Although you can consolidate several student loans, you typically can u2019t refinance them. Private lenders may allow you to refinance. N “,” hint “:” “,” answers “: {” answer0 “: {” isRight “:” wrong “,” answerText “:” Fixed interest rate “},” answer1 “: {” isRight “:” wrong “,” answerText “:” Can be consolidated with other student loans “},” answer2 “: {” isRight “:” right “,” answerText “:” Can be refinanced “}, “answer3”: is “isRight”: “wrong”, “answerText”: “No prepayment penalties”}}}, “quest7”: {“imageBrowse”: “”, “imageCaption”: “”, “imageCredit”: ” “,” question “:”

What type of student loan typically has the lowest interest rate? N “,” explanation “:” In general, subsidized loans have lower rates than unsubsidized ones. “,” Hint “:” “,” answers “: {” answer0 ” : is “isRight”: “wrong”, “answerText”: “Direct PLUS loans”}, “answer1”: {“isRight”: “right”, “answerText”: “Subsidized federal student loans”}, “answer2”: is “isRight”: “wrong”, “answerText”: “Unsubsidized federal student loans” data}}} “data-trivialanguage =” {“question”: “Question”, “of”: “of”, “next”: “Next Question”, “checkanswer”: “Check Answer”, “results”: “Get Results”, “right”: “Right”, “wrong”: “Wrong”, “incorrect”: “INCORRECT”, “correct” : “CORRECT”, “score”: “Score”, “youanswered”: “You answered [X] out of [N] questions correctly. “,” youranswer “:” Your Answer “,” yourresults “:” Your Results “,” correctanswer “:” Correct Answer “,” print “:” Print “,” hint “:” Hint “,” challenge “:” Challenge a Friend “,” share “:” Share Your Score “,” take “:” Take Another Quiz “}” data-triviamore = “{” en “:” / entertainment / leisure-activities / aarp-quizzes “,” es “:” / espanol / entretenimiento / Trivias “}”>

.

Leave a Comment