Student Loans

Any student can qualify for a subsidized loan

• True

• False

A subsidized loan is the cheapest student loan.

• True

• False

A student can get a federal student loan without a credit score

• True

• False

A private student loan is the cheapest loan to get

• True

• False

You can borrow as much as you want with a federal student loan

• True

• False

It is possible to get both federal student loans and private student loans at the same time.

• True

• False

A parent can take out a federal student loan in their own name to pay for their kid's college.

• True

• False

If you get a federal student loan, your payments are expected to start ....

• 6 months after you are no longer attending school

• right away

• 2 years after you are no longer attending school

• 3 years from when you took out the loan

If your mom gets a parent plus loan to pay for your tuition, payments are expected to start ....

• 6 months after you are no longer attending school

• right away

• 2 years after you are no longer attending school

• 3 years from when you took out the loan

If you get a private loan, you may have to have a cosigner if your credit score is low.

• True

• False