AvoidLoans.com | Student Debt Quiz

Test Your Debt Smarts! 🧠

Think you’ve got student loans figured out? Take this quiz to make sure you understand student debt! You can retake it as many times as you want to master the facts. Let’s see what you know! 😎

1. How much is the total student loan debt in the U.S.?

a) $500 billion b) $1.77 trillion c) $3 trillion

2. What’s the average student debt for a borrower?

a) $15,000 b) $37,338 c) $60,000

3. What’s the main difference between federal and private loans?

a) Federal loans have higher interest b) Private loans offer forgiveness c) Federal loans have lower interest and forgiveness options

4. What’s the average interest rate for federal student loans?

a) 6.53% b) 12% c) 15.49%

5. How much is private school tuition per year compared to public (in-state)?

a) $11,260 vs. $41,540 b) $41,540 vs. $11,260 c) $29,150 vs. $11,260

6. What’s the average debt for private school grads vs. public school grads?

a) $30,800 vs. $43,700 b) $43,700 vs. $30,800 c) $20,000 vs. $60,000

7. How much is the monthly payment for a $30,000 loan at 6% over 10 years?

a) $200 b) $399 c) $798

8. What’s the average starting salary for a bachelor’s degree?

a) $41,160 b) $62,360 c) $80,340

9. How much should loan payments be as a percentage of your income?

a) Under 15% b) 20–25% c) 30%

10. What’s a good alternative to college for an AI-driven job?

a) Coding bootcamp ($15K, $70K job) b) $60,000 private school loan c) No education needed

Legal Disclaimer

Hey there! AvoidLoans.com is all about educating and informing you about student debt to help you understand your options. We’re here to share clear facts and insights, but we’re not giving financial, legal, or professional advice. 😎

The info on this site, including stats, examples, and tips, is for educational purposes only. It’s meant to help you learn about student loans, college costs, and career paths, but it’s not a substitute for talking to a qualified financial advisor, lawyer, or other expert. You’re responsible for making your own decisions about borrowing, education, or careers.

We don’t endorse any specific loans, schools, or alternatives (like bootcamps or online courses). All choices—whether to borrow, attend college, or pursue other paths—are entirely up to you. We’re not responsible for any outcomes from decisions you make based on our content.

Got questions about loans or your future? Talk to a professional like a financial planner or school counselor to get personalized advice. Keep learning, and make choices that work for you! 💪 For more details, check our Contact page.