Test your knowledge: Things you might not know about student loans
Student Loan Knowledge Quiz
Test your understanding of student loans with our engaging quiz! Discover facts you might not know about federal loans, interest rates, and borrowing limits.
- 10 Multiple Choice Questions
- Learn about Stafford and Grad PLUS loans
- Understand repayment options and eligibility requirements
The word "Stafford" in the phrase "Stafford student loan"...
...comes from the Congressperson Robert T. Stafford.
...means that the loan is for graduate degrees only.
...is a government term that means the loan is provided by the U.S. Treasury.
In the term "federal student loan", the word "federal" means...
...the loan is made by the U.S. government, through the Department of Education.
...the loan is made by your school.
...the loan is made by your state with funds from the federal government.
The term "un-subsidized" means...
...the loan generates interest while the student is in school.
...the loan does not generate interest while the student is in school.
What is the difference between Un-subsidized Stafford loans for graduate students and the Grad PLUS loan?
Interest rate, annual borrowing limits, credit check, upfront fee
Payback period, annual borrowing limits, credit check
Number of years to pay back, date of first full payment, financial health review
Number of years to pay back, date of first full payment, upfront fee
How much can you borrow with the Grad PLUS loan?
Unlimited
$50,500 per school year
Cost of attendance minus any other financial assistance you receive
Up to $100,500 per school year
What fees are associated with federal graduate student loans, other than interest?
No federal student loans have fees other than interest.
An un-subsidized Stafford loan has no fee / the Grad PLUS loan has a 4.3% one-time upfront origination fee
Both an un-subsidized Stafford loan and the Grad PLUS loan have a 4.3% one-time upfront origination fee.
What is the limit on how much in graduate un-subsidized loans you can take out in a given school year?
Unlimited
The cost of tuition, room, and board
$10,500
$20,500
When do you have to begin repaying your loans?
Twelve months after you graduate, leave school, or drop below half-time enrollment
Six months after you graduate, leave school, or drop below half-time enrollment
Three months after you graduate, leave school, or drop below half-time enrollment
Is a credit check required to receive un-subsidized Stafford graduate student loans from the federal government?
Yes
No
Does the federal government charge Optometry students interest on their federal student loans while in school?
Yes
No
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