A) It helps banks and other lenders know what interest rate to charge you for student loans B) It helps colleges and universities determine whether you ca afford on-campus housing. C) It helps the government and colleges determine whether you are eligible for academic scholarships. D) It helps the government and colleges determine the level of aid for which you qualify.
A) They offer more programs B) They offer more scholarships and grants. C) They are easier to apply to D) They are less expensive
A) A federal government loan program B) Merit Based Financial Aid C) A university work study program. D) Need-Based Financial Aid
A) When you get a Full-Time Job B) When you start to pay taxes. C) Within Six Months of Graduation D) In your last year of College
A) The Principal B) The Interest C) The Work Study D) The FAFSA
A) Private Schools usually charge lower tuition for students who do well in high school. B) State Schools usually charge lower tuition for students living in the state. C) All colleges usually charge lower tuition for students who have federal loans. D) Small Private schools charge lower tuition than larger schools.
A) Taking out a federal loan and attending a state college. B) Taking out a private loan and attending a Private College. C) Taking out a Private Loan and attending a State College. D) Taking out a federal loan and attending a Private College.
A) Do not affect your credit score. B) Have a fixed interest rate. C) Do not have to be paid back. D) Can be pair monthly or yearly.
A) Merit- Based Financial Aid B) Need- Based Financial Aid C) A University Scholarship Program D) A Federal Government Loan Program
A) A Financial Need B) Low Credit Scores C) Good Grades D) Unusual Interests
A) An office where you can make an appointment to discuss federal loan repayment. B) A distributor of private student loans. C) A inexpensive state college. D) An application for federal students aid
A) Money you can get if you have a high GPA in high school. B) Money you can borrow to pay for college that you will have to repay later. C) Money all college students receive to pay for college tuition. D) A gift the government gives you to pay for a very expensive college.
A) You only have to repay half of your original student loan. B) You never get charged interest on student loans. C) You have to repay your student loans before you graduate college. D) You can pay back your loan little by little.
A) Time it takes you to repay your loan. B) Fee added to the amount you owe. C) Total amount of money you can take out in loans. D) Initial amount of money you borrowed.
A) More extra money you will spend paying back your loan. B) Higher the interest rate on the loan will become. C) More likely you are to default. D) Less extra money you will spend paying back your loan.
A) Paying more fees directly to the bank. B) Repaying more of his principal and building up less interest. C) Defaulting on his loan. D) Building up more interest and repaying less on principal
A) Goes toward paying down your original debt B) Lowers your principal. C) Immediately causes you to have bad credit. D) Does not go toward repaying the money you initially borrowed.
A) Brianna has missed More than 9 months of loan payments. B) Banks will not lend her money. C) Brianna has defaulted on her loans recently. D) Brianna has a history of paying her bills in full and on time.
A) Missed too many payments in a row. B) Failed to uphold his end of the loan agreement. C) Never has to repay them. D) Does not have to repay them for a period of time.
A) Enrolled in the military. B) Missed more than 9 months of loan payments. C) Paid his loan payments on time. D) Paid more than his minimum payments. |