Student Aid Questions
What increases your total loan balance?
Both interest accrual and interest capitalization
Which repayment plan will you be placed on automatically unless you change it by contacting your servicer?
Standard Repayment Plan
Who should you contact if you have trouble making payments once you leave school?
loan servicer
How can you reduce your total loan cost?
Any of the above
What percentage of your gross salary does the consumer, financial protection bureau, suggest your student loan payment be in order to be affordable, and limit your risk of delinquency and default?
8%
Which loan type provides interest subsidy, meaning department of education (ED) pays for your interest while you're in school, during your grace period and during deferment
Direct Subsidized
your rights and responsibilities as a federal student loan borrower?
Your Master Promissory Note
Who do you contact when it's time to enroll in a repayment plan?
Your loan servicer
Who do you contact if you've already excepted more loan money than you need?
Your schools financial aid office
Who do you contact if you have questions about repayment plans?
Your loan servicer
