Step 1.
Repayment Basics
Step 2.
Repayment Options
Step 3.
Delinquency & Default
Step 4.
Deferment & Forbearance
Step 5.
Consolidation
Step 6.
Debt Management
Step 7.
Proof of Completion
Question 1.1
You may prepay your loan at any time, with no penalty or fee. Prepayment will:
A. Reduce the overall cost of your loan
B. Allow you to pay more than the scheduled payment amount to decrease your debt more quickly
C. Both A and B
D. Neither A nor B
Question 1.2
Your student loan is an obligation you must repay, unless:
A. You do not complete your education
B. You are dissatisfied with, or did not receive, the education you paid for
C. You were unable to complete your program of study because the school closed
D. You aren't able to get a job after you complete the program
Question 1.3
I am responsible for payment of my Federal Student Loan, even if
A. I am not satisfied with my education
B. I do not complete my course of study
C. I am not able to find work in my field of study
D. Any of the above
