American_Bankers_Association
CTFA · Question #282
Student loans are amortized with monthly payments over a period of 5 to 10 years. To help you service the debt, if you have several student loans outstanding then you can consolidate the loans, at a…
The correct answer is A. 20 years. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Student loans are amortized with monthly payments over a period of 5 to 10 years. To help you service the debt, if you have several student loans outstanding then you can consolidate the loans, at a single blended rate, and extend the repayment period to s long as:
Options
- A20 years
- B30 years
- C25 years
- D40 years
How the community answered
(39 responses)- A79% (31)
- B5% (2)
- C13% (5)
- D3% (1)
Topics
#student loans#loan consolidation#repayment period#debt management
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