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 the government and colleges determine the level of aid for which you qualify. D) It helps banks and other lenders know what interest rate to charge you for student loans
A) They are easier to apply to B) They offer more programs C) They are less expensive D) They offer more scholarships and grants.
A) Merit Based Financial Aid B) A federal government loan program C) A university work study program. D) Need-Based Financial Aid
A) In your last year of College B) When you get a Full-Time Job C) Within Six Months of Graduation D) When you start to pay taxes.
A) The FAFSA B) The Interest C) The Principal D) The Work Study
A) Private Schools usually charge lower tuition for students who do well in high school. B) State Schools usually charge lower tuition for students living in the state. 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 Private College. B) Taking out a federal loan and attending a state college. C) Taking out a Private 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) Can be pair monthly or yearly. C) Have a fixed interest rate. D) Do not have to be paid back.
A) Merit- Based Financial Aid B) A University Scholarship Program C) A Federal Government Loan Program D) Need- Based Financial Aid
A) Low Credit Scores B) Good Grades C) Unusual Interests D) A Financial Need
A) A inexpensive state college. B) An application for federal students aid C) A distributor of private student loans. D) An office where you can make an appointment to discuss federal loan repayment.
A) Money you can get if you have a high GPA in high school. B) A gift the government gives you to pay for a very expensive college. C) Money you can borrow to pay for college that you will have to repay later. 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 never get charged interest on student loans. D) You only have to repay half of your original student loan.
A) Initial amount of money you borrowed. B) Time it takes you to repay your loan. C) Total amount of money you can take out in loans. D) Fee added to the amount you owe.
A) More extra money you will spend paying back your loan. B) Higher the interest rate on the loan will become. C) Less extra money you will spend paying back your loan. D) More likely you are to default.
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) Immediately causes you to have bad credit. B) Lowers your principal. C) Does not go toward repaying the money you initially borrowed. D) Goes toward paying down your original debt
A) Brianna has defaulted on her loans recently. B) Brianna has a history of paying her bills in full and on time. C) Banks will not lend her money. D) Brianna has missed More than 9 months of loan payments.
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) Enrolled in the military. C) Missed more than 9 months of loan payments. D) Paid more than his minimum payments. |