KHEAA
Stafford and Grad PLUS Exit Interview Questions
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|1.) My lender needs to know when I: |
|[pic]A. Change my name, address or phone number |
|[pic]B. Change my enrollment status; i.e., withdraw or drop below half-time attendance, transfer to a new school or graduate |
|[pic]C. Have new and better employment |
|[pic]D. Both A and B |
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|2.) If I am having difficulty making my student loan payments, I should contact my lender to: |
|[pic]A. Have them begin default procedures because there are no other options |
|[pic]B. Discuss my need for a better-paying job because they might have an opening |
|[pic]C. Find out about postponing my payment requirements with a forbearance or deferment |
|[pic]D. None of the above |
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|3.) The grace period on my student loan begins: |
|[pic]A. The day after I drop below half-time status |
|[pic]B. The day after graduation |
|[pic]C. Both A and B |
|[pic]D. When my eligibility for student loans expires |
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|4.) I can save money on my Grad PLUS repayment by: |
|[pic]A. Making payments during school |
|[pic]B. Applying for a deferment |
|[pic]C. Making larger payments than required |
|[pic]D. Both A and C |
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|5.) Which of the following repayment options requires a minimum monthly payment of $50 and has a maximum repayment period of 10 years? |
|[pic]A. Standard repayment |
|[pic]B. Adjusted repayment |
|[pic]C. Adjusted repayment |
|[pic]D. Extended repayment |
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|6.) Which repayment plans may increase the total interest I pay over the life of the loan? |
|[pic]A. Graduated |
|[pic]B. Income sensitive |
|[pic]C. Extended |
|[pic]D. All of the above |
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|7.) Under the standard repayment schedule, I will: |
|[pic]A. Repay my loans over a 30-year period |
|[pic]B. Have a maximum repayment period of ten years |
|[pic]C. Pay a minimum of $100 per month |
|[pic]D. Repay my loan based on the amount of money I earn |
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|8.) I am obligated to repay my student loans: |
|[pic]A. Only if I am satisfied with the education I received |
|[pic]B. If I obtain employment within six months of graduation |
|[pic]C. As soon my salary is at the median level as determined by Labor Department |
|[pic]D. Regardless of what happens, but there are a few situations in which my loan may be canceled |
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|9.) If I don`t qualify for a deferment but am unable to make payments, I should: |
|[pic]A. Leave the country since I can`t pay my student loan |
|[pic]B. Check with my lender about a forbearance |
|[pic]C. File for bankruptcy |
|[pic]D. Do nothing and wait for my school or lender to contact me |
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|10.) A consolidation loan may offer the following: |
|[pic]A. Extended repayment schedule |
|[pic]B. Fixed interest rate |
|[pic]C. Both A and B |
|[pic]D. New deferment options |
|[pic]E. Faster loan repayment |
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|11.) My loan may be discharged if I: |
|[pic]A. Meet income requirements due to unemployment |
|[pic]B. Become totally and permanently disabled |
|[pic]C. Take specific courses in college |
|[pic]D. Signed the loan application but don`t remember signing it |
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|12.) If I fail to make payment for 270 days, I enter default and the following things could happen: |
|[pic]A. Suspension of a professional license |
|[pic]B. My credit will be damaged |
|[pic]C. My wages could be garnished |
|[pic]D. All of the above |
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|13.) If I have problems making payments on my student loans, I should contact: |
|[pic]A. My loan holder for my Federal Stafford and Grad PLUS Loans |
|[pic]B. My school |
|[pic]C. The U.S. Department of Education |
|[pic]D. The Department of the Treasury |
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I certify that I completed exit counseling.
Print Name:___________________________________________________________________________
Date: ________________________________________________________________________________
Signature: ____________________________________________________________________________
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