Calculating Monthly Student Loan Payments


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the name of the document that you sign upon getting a school loan?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which type of loan is the most desirable?

2. Calculate the monthly payment for a $52,000 medical school loan with an annual interest rate of 4.66% over a 10 year period to pay it off.

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Measure your knowledge of how to calculate student loan payments with this convenient quiz and worksheet that includes questions about different loan types. You can take the quiz at any time.

Quiz & Worksheet Goals

The quiz will test you on the following:

  • Document signed upon getting a school loan
  • Most desirable type of loan
  • Calculating a monthly payment for a given loan amount, interest rate, and timeframe
  • Aspect of the loan indicating the bank pays itself first
  • Calculating daily interest

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about calculating student loan payments
  • Interpreting information - verify that you can read information about the most desirable type of loan and interpret it correctly
  • Information recall - access the knowledge you've gained regarding how to calculate daily interest

Additional Learning

Explore this topic further by reviewing the related lesson titled Calculating Monthly Student Loan Payments. Here's a snapshot of what the lesson covers:

  • Understanding amortization
  • Sample loan calculation problems
  • Explanation of different types of student loans
Final Exam
Finding & Applying for Student Loans
This course currently has no practice test
Chapter Exam