Information Review

The following questions are designed to help you review what you have learned about Direct Subsidized and Direct Unsubsidized Loans. Answers to some of these questions can be found in your promissory note and in the borrower's rights and responsibilities summary statement in this Borrower's Guide. Write your answers below or on a separate piece of paper, then check your answers with the key at the foot of the page.

1. What are the interest rate on my Direct Loan?
2. What are the four repayment plans?
3. name three reasons that loan deferments would be granted.
4. The grace period for my loan(s) is __ months.
5. When does my grace period end?
6. As a Direct Loan borrower, if I transfer to another school, I should do the following:
7. When will I be charged interest on a Direct Unsubsidized Loan?
8. When will I begin repaying my Direct Subsidized Loan?
9. Name three things that can happen if a borrower defaults.
10. What is capitalized interest?
11. When can I consolidate my loans?

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