Which of the following is a true statement about student loans?
A)The Federal Government is responsible for all student loans.
B)Loan limits are higher for students who are dependants.
C)The repayment schedule is deferred.
D)Students who declare bankruptcy within seven years of graduation may have their loans forgiven.

Question

Quizplus · Accepted Answer

The repayment schedule for student loans is generally deferred until after graduation, giving students time to find employment and start earning an income before they begin making payments. Choices A, B, and D are all false. The Federal Government is not responsible for all student loans, loan limits are actually higher for independent students, and declaring bankruptcy does not automatically lead to forgiveness of student loans.

Which of the Following Is a True Statement About Student