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How Well Do You Know Student Loan Facts?

Fact check: Student loan debt in America is the highest it has ever been. Many students take out loans without realizing the impact of the loans on their future. According to Maureen Henderson (2016) many millennials have adopted an "out of sight, out of mind" attitude when it comes to student loans. Test your knowledge on student loans debt below.

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  1. What percentage of professionals do not know how much of the salary went to paying off their loans?

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    Correct
    Incorrect
    45%
    Correct
    Incorrect
    54%
    Correct
    Incorrect
    27%
    Correct
    Incorrect
    35%
  2. What percentage of people are unaware of the interest rate on their loan?

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    Correct
    Incorrect
    27%
    Correct
    Incorrect
    37%
    Correct
    Incorrect
    57%
    Correct
    Incorrect
    42%
  3. What percentage of people are unaware of how much they owe?

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    Correct
    Incorrect
    12%
    Correct
    Incorrect
    15%
    Correct
    Incorrect
    23%
    Correct
    Incorrect
    28%
  4. What is the average student loan debt of a Class of 2016 graduate?

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    Correct
    Incorrect
    $25,000
    Correct
    Incorrect
    $32,000
    Correct
    Incorrect
    $37,000
    Correct
    Incorrect
    $42,000
  5. What is the average student loan payment?

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    Correct
    Incorrect
    $180
    Correct
    Incorrect
    $250
    Correct
    Incorrect
    $350
    Correct
    Incorrect
    $500

References:

Henderson, J. M. (2016, April 08). The scary truth about millennials and student loan debt. Retrieved from https://www.forbes.com/sites/jmaureenhenderson/2016/04/07/the-scary-truth-about-millennials-and-student-loan-debt/#5124a84e65fa

U.S. Student Loan Debt Statistics for 2017. (2017, March 10). Retrieved from https://studentloanhero.com/student-loan-debt-statistics/

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