When I borrow money for a car, the repayments can be deferred as long as I am still a full-time student at a accredited university of college. (True or False?)Group of answer choicesTrueFalse

If I decide not to complete my undergraduate degree because I get a great job offer prior to graduation:Group of answer choicesI am still responsible for paying back my student loans.I can defer repayment of my student loans until after I return to school and complete my graduation requirements.I must repay all of the money earned from my work-study job.I am not responsible for repaying education loans because my education was not completed.

When do private student loan repayments begin?Group of answer choicesA loan that allows you to combine debts into a single loan.A longer term loan (e.g., 3–5 years) that allows you to purchase a car.It depends — most require interest payment as soon as the loan is taken out and some may require principal repayments at that time too.Only upon completion your graduate degree (MA, MS, or PhD).

Under a subsidized Stafford Loan, the federal government will amake my loan interest free for the life of the loan bpay the interest on this loan while I am enrolled in college cpay off my loan balance if I graduate with honors

What is a Federal Direct Subsidized Student Loan?Group of answer choicesA no-interest rate student loan available to eligible undergraduate students at both public and private colleges and universities.A loan program available to undergraduates with financial need where the federal government pays the interest on the loan while the student is enrolled.A long term loan (10+ years) that allows a student to defer repayment until they have either gotten married or purchased a home.A loan that allows you to combine multiple student loans (subsidized and non-subsidized) into a single loan repayment program over 30 years.

All student loans have the same terms and conditions.Group of answer choicesTrueFalse