A) It helps the government and colleges determine whether you are eligible for academic scholarships. B) It helps the government and colleges determine the level of aid for which you qualify. C) It helps colleges and universities determine whether you ca afford on-campus housing. D) It helps banks and other lenders know what interest rate to charge you for student loans
A) They offer more programs B) They are easier to apply to C) They are less expensive D) They offer more scholarships and grants.
A) A university work study program. B) Merit Based Financial Aid C) A federal government loan program D) Need-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 Work Study B) The Principal C) The FAFSA D) The Interest
A) State Schools usually charge lower tuition for students living in the state. B) All colleges usually charge lower tuition for students who have federal loans. C) Small Private schools charge lower tuition than larger schools. D) Private Schools usually charge lower tuition for students who do well in high school.
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 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) 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) A Federal Government Loan Program C) Need- Based Financial Aid D) A University Scholarship Program
A) A Financial Need B) Unusual Interests C) Low Credit Scores D) Good Grades
A) An application for federal students aid B) A distributor of private student loans. C) An office where you can make an appointment to discuss federal loan repayment. D) A inexpensive state college.
A) Money all college students receive to pay for college tuition. B) Money you can borrow to pay for college that you will have to repay later. C) Money you can get if you have a high GPA in high school. 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 only have to repay half of your original student loan. C) You can pay back your loan little by little. D) You have to repay your student loans before you graduate college.
A) Fee added to the amount you owe. B) Total amount of money you can take out in loans. C) Initial amount of money you borrowed. D) Time it takes you to repay your loan.
A) More likely you are to default. B) More extra money you will spend paying back your loan. 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) Paying more fees directly to the bank. C) Repaying more of his principal and building up less interest. D) Building up more interest and repaying less on principal
A) Lowers your principal. B) Immediately causes you to have bad credit. C) Does not go toward repaying the money you initially borrowed. D) Goes toward paying down your original debt
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) Does not have to repay them for a period of time. B) Never has to repay them. C) Missed too many payments in a row. D) Failed to uphold his end of the loan agreement.
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. |