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