Types of Student Loans Quiz

Froggy Jumps

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Quiz on loan types.

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Isis

United States

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Types of Student Loans Quiz


Froggy Jumps Types of Student Loans QuizVersion en ligne Quiz on loan types. par Isis 1 What distinguishes a Direct Subsidized Loan from other federal loans? a Interest is paid by the government while in school b It's only for graduate students c Repayment starts immediately after disbursement 2 Direct Unsubsidized Loans require interest to be paid by the borrower how? a Interest accrues from disbursement and borrower pays b Interest is forgiven after graduation c Interest is paid by the government while in school 3 Who borrows a Direct PLUS Loan? a Parents of dependent undergraduates b Only graduate students c Private lenders decide eligibility 4 Who can borrow a Grad PLUS Loan? a Parents of undergraduates b High school students c Graduate or professional students 5 What is true about the Perkins Loan for new borrowers? a It's a private loan with variable interest b Subsidized by the government while in school c No new Perkins loans have been issued since 2017 6 Direct Consolidation Loan is used to do what? a Escape repayment completely b Lower interest rates on all loans automatically c Combine multiple federal loans into one 7 Private student loans are? a Available only to high-income students b Always fixed-rate controlled by the government c Lender-based, not federal, with credit requirements 8 Which loan type is a federal option for parents plus students alike? a Private student loan b Direct PLUS Loan c Direct Subsidized Loan 9 Do federal Direct Loans have fixed interest rates? a Only subsidized loans are fixed b No, they are variable with market rates c Yes, fixed rates set by law 10 What is the primary purpose of a Direct Consolidation Loan? a To convert loans into a grant b To reduce the total debt automatically c To combine multiple federal loans into one payment 11 Which federal loan is based on financial need and has interest subsidized by the government while in school? a Direct PLUS Loan b Direct Subsidized Loan c Direct Unsubsidized Loan 12 Which loan accrues interest from disbursement and is not based on financial need? a Direct Subsidized Loan b Direct Unsubsidized Loan c Direct PLUS Loan 13 Which loan is typically used to cover graduate school or dependent students for credit-based funding? a Direct PLUS Loan b Direct Subsidized Loan c Direct Consolidation Loan 14 What is the federal loan option that combines multiple loans into one repayment plan? a Direct Subsidized Loan b Direct Unsubsidized Loan c Direct Consolidation Loan 15 Which insurance protects you if you can’t work due to illness or injury? a Disability Insurance b Life Insurance c Auto Insurance 16 Which type of insurance covers medical expenses from illness or injury? a Homeowners Insurance b Health Insurance c Auto Insurance 17 Which insurance is typically required by lenders for a rental property? a Homeowners Insurance b Life Insurance c Renter's Insurance 18 Which insurance provides financial support to dependents after your death? a Health Insurance b Life Insurance c Disability Insurance 19 What type of insurance helps cover damages you cause to others or their property? a Liability Insurance b Comprehensive Insurance c Collision Insurance 20 Which loan best fits a student who needs ongoing access to funds for education? a Direct Unsubsidized Loan b Direct PLUS Loan c Direct Subsidized Loan

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Types of Student Loans Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Froggy Jumps

Types of Student Loans QuizVersion en ligne

par Isis

What distinguishes a Direct Subsidized Loan from other federal loans?

Direct Unsubsidized Loans require interest to be paid by the borrower how?

Who borrows a Direct PLUS Loan?

Who can borrow a Grad PLUS Loan?

What is true about the Perkins Loan for new borrowers?

Direct Consolidation Loan is used to do what?

Private student loans are?

Which loan type is a federal option for parents plus students alike?

Do federal Direct Loans have fixed interest rates?

What is the primary purpose of a Direct Consolidation Loan?

Which federal loan is based on financial need and has interest subsidized by the government while in school?

Which loan accrues interest from disbursement and is not based on financial need?

Which loan is typically used to cover graduate school or dependent students for credit-based funding?

What is the federal loan option that combines multiple loans into one repayment plan?

Which insurance protects you if you can’t work due to illness or injury?

Which type of insurance covers medical expenses from illness or injury?

Which insurance is typically required by lenders for a rental property?

Which insurance provides financial support to dependents after your death?

What type of insurance helps cover damages you cause to others or their property?

Which loan best fits a student who needs ongoing access to funds for education?