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