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Student Loan Forgiveness Programs: Definition & Options

Instructions:

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

question 1 of 3

This is the term for general assistance in paying for higher education:

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1. This is the cost of borrowing money:

2. Wiping away the obligation to pay back a loan is known as:

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About This Quiz & Worksheet

Students loans are widely used to pay for college. The practice questions on this quiz can help check your understanding of ways students can have their loan payments reduced or waived.

Quiz & Worksheet Goals

This quiz/worksheet combo let you test what you know about the following:

  • The terminology for general assistance in paying for higher education
  • The cost of borrowing money
  • Removing the obligation to pay back a loan
  • The number of loan payments required to qualify for public service program to not pay back a loan
  • The number of years required for teachers to have obligation to pay back loan waived

Skills Practiced

Answer the questions on this quiz to practice the following skills:

  • Distinguishing differences - compare and contrast topics from the lesson, such as the number of payments required to qualify for the public service loan waiver program versus the number of years required to qualify for the teacher loan waiver program
  • Knowledge application - use your knowledge to answer questions about different types of loan waiver programs
  • Information recall - access the knowledge you've gained regarding how a student can be released from the obligation to pay back a loan

Additional Learning

Review the lesson on Student Loan Forgiveness Programs: Definition & Options to get more details about this topic. The lesson covers the following objectives:

  • Details the average tuition for private and public college education
  • Covers types of assistance offered by the U.S. Department of Education
  • Discusses the federal loan program
  • Describes the process of removing the obligation to pay back a loan
  • Covers student loan program that waive obligation to pay back debt
  • Mentions who can qualify to use public service waiver of student loan debt
Final Exam
Finding & Applying for Student Loans
This course currently has no practice test
Chapter Exam
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