A) It helps colleges and universities determine whether you ca afford on-campus housing. B) It helps banks and other lenders know what interest rate to charge you for student loans 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 are less expensive B) They are easier to apply to C) They offer more programs D) They offer more scholarships and grants.
A) Need-Based Financial Aid B) A federal government loan program C) A university work study program. D) Merit Based Financial Aid
A) In your last year of College B) When you get a Full-Time Job C) When you start to pay taxes. D) Within Six Months of Graduation
A) The Interest B) The Principal C) The FAFSA D) The Work Study
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 Private Loan and attending a State College. B) Taking out a federal loan and attending a Private College. C) Taking out a private 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 affect your credit score. C) Do not have to be paid back. D) Have a fixed interest rate.
A) A University Scholarship Program B) Merit- Based Financial Aid C) A Federal Government Loan Program D) Need- 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) An application for federal students aid C) A inexpensive state college. D) A distributor of private student loans.
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) A gift the government gives you to pay for a very expensive college. D) Money you can borrow to pay for college that you will have to repay later.
A) You only have to repay half of your original student loan. B) You can pay back your loan little by little. C) You have to repay your student loans before you graduate college. D) You never get charged interest on student loans.
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 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) Paying more fees directly to the bank. B) Building up more interest and repaying less on principal C) Repaying more of his principal and building up less interest. D) Defaulting on his loan.
A) Lowers your principal. B) Immediately causes you to have bad credit. C) Goes toward paying down your original debt 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) Banks will not lend her money. D) Brianna has defaulted on her loans recently.
A) Failed to uphold his end of the loan agreement. B) Does not have to repay them for a period of time. C) Never has to repay them. D) Missed too many payments in a row.
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. |