Reference no: EM132191116
Question: 1. What information is available in NSLDS? (Check all that apply)
Your entire student loan history
Loan amount totals
Your Loan types
Your assigned federal loan servicers
2. What is the longest period of time that a forbearance may be placed on your account at one time?
As many months as you want
6-months
12 months
4-months
3. You can change your student loan repayment plan at any time once in repayment.
True
False
4. "During forbearance, interest will still accrue on your loans? " True
False
5. With REPAYE (Revised pay as you earn) what is the main factor used in determining your monthly payment amount?
Your income
Your monthly bills
Type of job you have
How many classes you took at school
6. You can still use deferment or forbearance options after your loans are in default.
True
False
7. Delinquency occurs at how many days past due on your loan repayment?
30 Days
90 days
1 Day
120 days
8. How much total Deferment time are you allowed over the life of your loan?
12 months
36 months
24 months
6 months
9. What is the name of the website that you complete your entrance and exit counseling on?
Studentloans.gov
NSLDS.ed.gov
Studentaid.gov
Fafsa.ed.gov
10. How many days do you have to resolve your delinquency before your loan officially Defaults?
270 days
200 days
360 days
100 days
11. How long typically is a grace period for federal student loans taken out in your name?
12-months
3-months
6-months
There is no grace period for school loans
12. " If you default on your student loans, the IRS may take your tax return to help repay them."
True
False