Knowledge Check

4. Allows the borrower to consolidate one or more federal education loans into one loan at no cost to them.
5. Lopez- Who say I'm still Jenny from the block.
6. What loan type are available to undergraduate students with financial needs.
8. Three monkeys on the bed one failed down, how many left?
9. A claim may be filed on an account due to default or a borrower may apply for a specific claim if they meet certain criteria, example Disability or Teacher Loan Forgiveness.
11. A deferment is a period of time during repayment when the borrower, upon meeting specific criteria, is not required to make payments toward their loan(s).
12. A forbearance is a period of time during which the borrower is permitted to temporarily stop making payments.
13. Code for Income Driven Repayment (How T0 Apply)

1. loans- What federal loans for graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid.
2. What federal loans available to undergraduate and graduate students, with no requirement to demonstrate financial need.
3. Interest is paid as a cost of borrowing money from an institution.
7. What is the repayment hierarchy plans called?
8. Code for Teacher Loan Forgiveness
10. The loan becomes 270 days past due, the loan is considered defaulted.