student loans pop quiz

From the exit interview... nice to know they remind you that you can NEVAR ESCAPE.

1.) My loan holder needs to know when I: 
 A. Change my name, address or phone number
 B. Change my enrollment status; i.e., withdraw or drop below half-time attendance, transfer to a new school or graduate
 C. Have new and better employment
 D. Both A and B

2.) If I am having difficulty making my student loan payments, I should contact my loan holder to: 
 A. Have them begin default procedures because there are no other options
 B. Discuss my need for a better paying job, maybe they have an opening
 C. Find out about postponing my payment requirements with a forbearance or deferment
 D. None of the above

3.) If my loan is sold to another holder: 
 A. My repayment period may be extended
 B. My new holder will notify me about the sale
 C. Terms and Conditions of my loans will change
 D. I have no legal commitment to repay this loan

4.) If I am having difficulty making my student loan payments, I should: 
 A. Contact my loan holder to discuss postponing payments with a forbearance
 B. Contact my loan holder to begin default procedures
 C. Contact my loan holder to discuss postponing payments with a deferment
 D. A and C above

Posted
Views