MATH 062 Week 8 Quiz

MATH 062 Week 8 Quiz | Devry University

Week 8: Learning Activity

Question 1

The following features are included in Manage My Loans:

A.            Tutorial:

1.            Explains the various features of Manage My Loans

2.            Provides instruction on how to navigate and use Manage My Loans

B.            Overview:

1.            Provides a quick glance of your Federal, Private and Institutional loans, including an overview of your federal loan borrowing in relation to your overall aggregate loan limit and program progression.

2.            Provides cumulative and current borrowing levels, helping you manage your borrowing and future repayment obligations

C.            Loan Details:

1.            Provides details on each Federal, Private and Institutional loan you have borrowed at our institution or any prior school

2.            You will have the option to add any Private and Institutional loans that are not associated with your enrollment with us. Taking advantage of this feature will give you a full financial picture.

D.            Repayment Modeling:

1.            Provides a view of your Federal loan payment based on current borrowing

2.            Includes a Total Estimated Monthly Payment amount, which is a total of your Federal, Private and Institutional loan amounts

3.            Provides the information you need to start developing a personal financial plan, enter repayment on time and ensure you can afford your payment while managing your personal finances

E.            Resources which provides useful information, including:

1.            Terms and definitions

2.            Links

3.            Resources

4.            Answers to Frequently Asked Questions

To take advantage of this new resource, log in regularly and monitor your borrowing and program progression. Being proactive will help you stay on track with your program completion plan and know what to expect when it comes time to repay your loans.

To access Manage My Loans; visit my.devry.edu.  Click on the Student Finance/Finances tab of the Student portal and click “View More” under Financial Aid Awards.  Begin building and managing your financial future today.  Launch the Tutorial (upper left tab) to become familiar with Manage My Loans.

Now that you have watched the tutorial, take time to learn about your student loans.  

A.      Good (green)  

B.      Caution (yellow)  

C.      Warning (red) 

D.      No answer text provided.

Question 2

What do you think your status means?  

A.      You are on track  

B.      You may not have enough financial aid  

C.      You should call a Student Financial Professional because you may not have enough financial aid to complete your program  

D.      No answer text provided.

Question 3

After reviewing the tool do you understand where you are in terms of your federal loan borrowing in relation to your overall aggregate loan limit and program progression?  

A.      You feel more informed about your program progression and aggregate loan limit  

B.      You know more about your program progression and aggregate loan limit but need help putting the pieces together 

C.      The information was confusing and you are not sure what to do next  

D.      No answer text provided.

Question 4

What is your estimated monthly payment under the Standard Plan?  

A.      Between $0 and $100

B.      Between $100 and $200  

C.      Between $200 and $300  

D.      Between $300 and $400  

E.       Between $400 and $500  

F.       Greater than $500

Question 5

How did this tool help you understand how much you will need to earn to comfortably pay your Direct Loans?

Your Answer:

n/a

Question 6

Prior to this tool, did you know how much you will owe in Federal, Private and Institutional loans?  Why or why not?

Your Answer:

n/a

Question 7

Did you complete a Life Skills lesson? Why or why not?

Your Answer:

n/a