Student Loans Quiz

April 2024
S	M	T	W	T	F	S
« Jun
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Question 1

Which of the following is true, according to the Business Insider chart “Percent of Balance 90+ Days Delinquent”?

Older students are paying off their loans ahead of schedule.
Student loans have a delinquency rate almost four times that of home equity lines of credit.
Delinquency rates for student loans, though high, dropped significantly in the last two years.
Interest rates on student loans are rising, despite changes sought by the Obama administration.

Question 2

According to the article in the Post-Dispatch, the “bipartisan compromise” reached in early August resulted in

debt forgiveness for student loans that are in default.
higher yields on bundled student loan–backed securities.
lower short-term interest rates on student loans.
pegging student loan interest rates to the average rate of college-tuition increase.

Question 3

Which of the following are impacts of the high level of student loan debt in the United States?

slower economic growth due to reduced consumer demand
reduced lifetime net worth for individuals with large amounts of debt
delays in paying off other debts
All of the above

Question 4

Advantages of federally guaranteed student loans include

income-based payback plans.
a shortened period before delinquency becomes default.
no caps on variable interest rates.
taxpayers’ willingness to shoulder any burden for education.

Page List [do not show this]

Events Calendar

Polls

Related Stories