Student loans and college finance: Take our quiz!

Butch Dill/AP/File
Students attend graduation ceremonies at the University of Alabama in Tuscaloosa last year.

Rising college costs have pushed America's student loan debt over the $1 trillion mark for the first time. That's just one sign of the challenges that students and parents face as they navigate a sea of how-to-pay complexities. The rewards of earning a degree remain as high as ever, some economists say. But the risks of going into too much debt are also high. Can you make the college-finance "honor roll"? Here's a quiz designed to test your knowledge ... and expand it.

1. For parents, using a "Section 529 College Savings Plan" is considered one of the best ways to save for college because ...

If you don't need to use the money for college, there's no penalty for putting it toward other uses.

It won't affect your eligibility for financial aid.

Your savings are tax free and portable to any college.

All of the above

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