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