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