A) It helps the government and colleges determine the level of aid for which you qualify. 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 banks and other lenders know what interest rate to charge you for student loans
A) They are less expensive B) They offer more programs C) They offer more scholarships and grants. D) They are easier to apply to
A) Need-Based Financial Aid B) Merit Based Financial Aid C) A university work study program. D) A federal government loan program
A) In your last year of College B) Within Six Months of Graduation C) When you start to pay taxes. D) When you get a Full-Time Job
A) The Interest B) The Work Study C) The Principal D) The FAFSA
A) All colleges usually charge lower tuition for students who have federal loans. B) Private Schools usually charge lower tuition for students who do well in high school. C) Small Private schools charge lower tuition than larger schools. D) State Schools usually charge lower tuition for students living in the state.
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) Can be pair monthly or yearly. B) Do not affect your credit score. C) Do not have to be paid back. D) Have a fixed interest rate.
A) Merit- Based Financial Aid B) A Federal Government Loan Program C) A University Scholarship Program D) Need- Based Financial Aid
A) A Financial Need B) Good Grades C) Low Credit Scores D) Unusual Interests
A) An office where you can make an appointment to discuss federal loan repayment. B) A inexpensive state college. C) An application for federal students aid D) A distributor of private student loans.
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 have to repay your student loans before you graduate college. B) You can pay back your loan little by little. 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) Initial amount of money you borrowed. C) Fee added to the amount you owe. D) Time it takes you to repay your loan.
A) Higher the interest rate on the loan will become. B) Less extra money you will spend paying back your loan. C) More likely you are to default. D) More 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) 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 a history of paying her bills in full and on time. D) Brianna has defaulted on her loans recently.
A) Failed to uphold his end of the loan agreement. B) Never has to repay them. C) Missed too many payments in a row. D) Does not have to repay them for a period of time.
A) Paid his loan payments on time. B) Enrolled in the military. C) Paid more than his minimum payments. D) Missed more than 9 months of loan payments. |