Student loans and college finance: Take our quiz!

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

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.

- Mark Trumbull, Staff writer

1. What percentage of full-time undergraduate college students receive some type of financial aid?

The aid includes loans, grants, scholarships, federal work-study, and tax credits or deductions, the College Board says.

The aid includes loans, grants, scholarships, federal work-study, and tax credits or deductions, the College Board says.

The aid includes loans, grants, scholarships, federal work-study, and tax credits or deductions, the College Board says.

The aid includes loans, grants, scholarships, federal work-study, and tax credits or deductions, the College Board says.