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