Minnesota SELF Loan Quiz Answers...submitted Aug 25, 2010.
"1. The SELF Loan is available through: A. The federal government B. Your local bank *C. The Minnesota Office of Higher Education D. All of the above E. None of the above 2. To be eligible for a SELF Loan you must: A. Be enrolled at least half-time at a SELF participating school B. Be making satisfactory academic progress C. Provide a credit-worthy co-signer *D. All of the above E. None of the above 3. The interest rate on my SELF Loan may change: A. Daily B. Weekly C. Monthly *D...."
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Minnesota SELF Loan Quiz Answers...submitted Aug 25, 2010.
"1. The SELF Loan is available through: A. The federal government B. Your local bank *C. The Minnesota Office of Higher Education D. All of the above E. None of the above 2. To be eligible for a SELF Loan you must: A. Be enrolled at least half-time at a SELF participating school B. Be making satisfactory academic progress C. Provide a credit-worthy co-signer *D. All of the above E. None of the above 3. The interest rate on my SELF Loan may change: A. Daily B. Weekly C. Monthly *D...."
Minnesota SELF Loan Quiz Answers...submitted Aug 25, 2010.
"1. The SELF Loan is available through: A. The federal government B. Your local bank *C. The Minnesota Office of Higher Education D. All of the above E. None of the above 2. To be eligible for a SELF Loan you must: A. Be enrolled at least half-time at a SELF participating school B. Be making satisfactory academic progress C. Provide a credit-worthy co-signer *D. All of the above E. None of the above 3. The interest rate on my SELF Loan may change: A. Daily B. Weekly C. Monthly *D...."
Copyright:
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Download as TXT, PDF, TXT or read online from Scribd
Minnesota SELF Loan Quiz Answers...submitted Aug 25, 2010.
"1. The SELF Loan is available through: A. The federal government B. Your local bank *C. The Minnesota Office of Higher Education D. All of the above E. None of the above 2. To be eligible for a SELF Loan you must: A. Be enrolled at least half-time at a SELF participating school B. Be making satisfactory academic progress C. Provide a credit-worthy co-signer *D. All of the above E. None of the above 3. The interest rate on my SELF Loan may change: A. Daily B. Weekly C. Monthly *D...."
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SELF loan quiz
1. The SELF Loan is available through:
A. The federal government B. Your local bank *C. The Minnesota Office of Higher Education D. All of the above E. None of the above 2. To be eligible for a SELF Loan you must: A. Be enrolled at least half-time at a SELF participating school B. Be making satisfactory academic progress C. Provide a credit-worthy co-signer *D. All of the above E. None of the above 3. The interest rate on my SELF Loan may change: A. Daily B. Weekly C. Monthly *D. Quarterly E. Annually 4. The SELF IV interest rate is: A. Tied to the 13-week Treasury Bill rate B. Tied to the prime interest rate *C. Tied to LIBOR rate D. Set by the federal government 5. When I am in school, I must pay interest: A. Monthly *B. Quarterly C. Not at all 6. If I transfer to a non-SELF participating school, my in-school status will en d. *True False 7. The SELF Loan is subsidized by the federal government. True *False 8. My loan will enter repayment: A. 6 months after I leave school B. One year after I leave school if I select the Standard Payment Option C. Three years after I leave school if I select the Extended Interest Option D. A and C *E. B and C 9. If I select the Extended Interest Option, I will have: A. An additional two years to repay my loan. *B. An additional two years of interest-only payments. C. A and B D. None of the above 10. The maximum repayment term on my SELF IV Loans if I owe less than $18,750 is: *A. 10 years from when I leave school B. 20 years from when I leave school C. 15 years from when I leave school D. 25 years from when I leave school 11. There are no deferments on the SELF Loan. *True False 12. If I repay my SELF Loan early, I will incur a penalty. True *False 13. The SELF Loan can be consolidated with my federal loans. True *False 14. The minimum monthly payment on all my SELF Loans is: A. $5.00 B. $25.00 *C. $50.00 D. $100.00 15. If I enroll at least half-time in a SELF school and I am not in a required r epayment status, I can return to the in-school status within how many years afte r I leave school? A. Five years B. Ten years *C. Three years D. None of the above 16. If I have a question about my SELF Loan account, I should first contact: A. My school B. The Minnesota Office of Higher Education *C. Firstmark Services D. None of the above 17. If I move or change my address, I need to contact Firstmark Services. *True False 18. If I default on my SELF Loan, it could affect my ability to: A. Purchase a house B. Purchase a car C. Obtain Minnesota State Grants *D. All of the above 19. I won't need to repay my SELF Loan if: A. The school closes B. I don't get a job in the subject I studied in C. I am not satisfied with the quality of my education D. All of the above *E. None of the above 20. If my SELF Loan goes into default, which of the following actions can be tak en against me and my co-signer: A. File tax claims B. Take legal action C. Report to the credit bureau D. Add collection fees *E. All of the above
