True or false?

You will be charged interest on your student loan.

True False

The minute you leave University you will start repaying your loan.

True False

After 30 years your loan is written off and you no longer have to repay it.

True False

When you begin to repay your student loan, you must go to the University you studied at every month to hand them the cash.

True False

Not buying big-ticket, expensive items means a modest lifestyle.

True False

Simply having a job allows for financial security.

True False

Saving a little each month makes a difference.

True False

Setting up a pension plan in your 20s is worthwhile.

True False

Switching to cash alone can alter your habits.

True False

It's risky getting a credit card early on in life.

True False

There's no such thing as good debt.

True False

You got out of questions right!

{"1":{"question":"You will be charged interest on your student loan.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-1.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-1.mp4","answer":true,"answerText":"You will be charged interest per month on your student loan from the day that you graduate"},"2":{"question":"The minute you leave University you will start repaying your loan.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-2.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-2.mp4","answer":false,"answerText":"You will only start repaying your loan when you are earning over the annual threshold for that year (\u00a325,000 per year), 9% will be deducted from your pay."},"3":{"question":"After 30 years your loan is written off and you no longer have to repay it.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-3.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-3.mp4","answer":true,"answerText":"Regardless of how much or how little you have repaid, after 30 years the debt will be wiped."},"4":{"question":"When you begin to repay your student loan, you must go to the University you studied at every month to hand them the cash.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-4.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-4.mp4","answer":false,"answerText":"When you are earning over the annual threshold, 9% will be deducted from your pay by your employer and this will go towards paying off your student loan."},"5":{"question":"Not buying big-ticket, expensive items means a modest lifestyle.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-5.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-5.mp4","answer":false,"answerText":"Think of all the smaller purchases you make within a week, where it\u2019s on food, drink or activities. This can really add up!"},"6":{"question":"Simply having a job allows for financial security.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-6.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-6.mp4","answer":false,"answerText":"This is incorrect - a lot of people spend outside of the budget that their paycheck affords them."},"7":{"question":"Saving a little each month makes a difference.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-7.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-7.mp4","answer":true,"answerText":"No matter how little you squirrel away each month, this will eventually add up."},"8":{"question":"Setting up a pension plan in your 20s is worthwhile.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-8.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-8.mp4","answer":true,"answerText":"It's very far away but thinking about your pension plan early can be hugely beneficial for your future."},"9":{"question":"Switching to cash alone can alter your habits.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-9.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-9.mp4","answer":false,"answerText":"You need to have a strategy in budget in place - simply switching to cash-only won't help without careful thought."},"10":{"question":"It's risky getting a credit card early on in life.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-10.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-10.mp4","answer":true,"answerText":"The main risk with a credit card is that you will run up large debts that you have no way of paying off. It's better to avoid a credit card early in life."},"11":{"question":"There's no such thing as good debt.","imageTrue":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/yes\/yes-11.mp4","imageFalse":"http:\/\/moneysmarttoolkit.co.uk\/wp-content\/themes\/bs-money-smart\/assets\/video\/no\/no-11.mp4","answer":false,"answerText":"Money borrowed at a relatively low interest rate that helps you grow wealth over the long run - like a mortgage or a student loan - is considered good debt."}} {"3":{"title":"Room to grow","text":"There\u2019s plenty of room for you to learn a bit more about your finances. Have a look around the site to find more helpful information!"},"6":{"title":"Good start!","text":"Good effort! Read around the site for some useful finance facts and come back later if you think you can do better."},"10":{"title":"Nearly there!","text":"Nearly perfect! Great work. Try again if you think you can get 100%!"},"11":{"title":"Financial guru!","text":"Congratulations! You know your stuff. We hope you\u2019ve found this quiz helpful!"}}