Quiz: How well do you know your student loan facts?
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Quiz: How well do you know your student loan facts?

Quiz: How well do you know your student loan facts?

You may have your heart set on going to university, but we all know how tuition fees can be a major hurdle to overcome.

While there are merit and needs-based scholarships offered by both the private and public sector, you may not qualify for them, or may only obtain a partial scholarship in some instances. So how do you cough up the remaining fees?

If you, like thousands of other students before you, are planning on financing your tertiary education via a student loan, you will need to ensure you understand what the loan entails.

Since the devil is in the details, let’s see how well you know your student loan facts with our quiz before you sign the dotted line.

1. What is a grace period?

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Correct! Wrong!

2. Is it possible to extend your student loan payment?

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Correct! Wrong!

3. Which of the following is the best option if you are struggling to pay your student loan?

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Correct! Wrong!

4. What is a guarantor?

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Correct! Wrong!

5. What is a loan forbearance?

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Correct! Wrong!

6. What happens if you default on your student loan?

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Correct! Wrong!

Quiz: How well do you know thy student loan facts?
Back to square one

If you haven’t signed up for a student loan yet, now’s a good time to do more research online. If you already have a loan under your belt, you may want to go through your contract again or call your student loan provider for clarification of things you don’t understand.
Not bad

A great start, but it can’t hurt to brush up on your knowledge!
Locked and loaded!

Hooyah - it looks like you’re ready to sign the dotted line!

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