This is a simple quiz designed to let you know exactly how familiar you
are with the student loans available here at DeVry. Choose the best answer from the
options given, then click on the button at the bottom of this page. This will take you to
an answer page letting you compare your answers with the correct choices.
| 1. |
What is the maximum interest rate for Direct Loans? |
| A. 8.25% |
| B. 9.0% |
| C. 10.0% |
|
| 2. |
When does my grace period end? |
| A. 4 months |
| B. 5 months |
| C. 6 months |
|
| 3. |
When is interest charged on Unsubsidized loan? |
| A. 0 months |
| B. 2 months |
| C. 3 months |
|
| 4. |
I can borrow student loans registered for 5 credit hours. |
|
| 5. |
My accrued interest does not affect my total repayment amount. |
|
| 6. |
Dependent students may be eligible for Direct Unsubsidized Loans. |
|
| 7. |
A Direct Subsidized Loan will always be interest free. |
|
| 8. |
Not paying a student loan will have no effect on my credit rating after
seven years. |
|
| 9. |
It's best to call someone at the Direct Loan Servicing Center if I'm
having trouble making regular payments. |
|
| 10. |
I can defer my loans if I am registered for six credit hours. |
|
Click here to check your answers!
