A) It helps colleges and universities determine whether you ca afford on-campus housing. B) It helps the government and colleges determine whether you are eligible for academic scholarships. C) It helps banks and other lenders know what interest rate to charge you for student loans D) It helps the government and colleges determine the level of aid for which you qualify.
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) A university work study program. B) Need-Based Financial Aid C) A federal government loan program D) Merit Based Financial Aid
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 FAFSA C) The Interest D) The Principal
A) Private Schools usually charge lower tuition for students who do well in high school. B) All colleges usually charge lower tuition for students who have federal loans. C) State Schools usually charge lower tuition for students living in the state. D) Small Private schools charge lower tuition than larger schools.
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) Have a fixed interest rate. B) Do not have to be paid back. C) Do not affect your credit score. D) Can be pair monthly or yearly.
A) A University Scholarship Program B) A Federal Government Loan Program C) Need- Based Financial Aid D) Merit- Based Financial Aid
A) Unusual Interests B) Good Grades C) A Financial Need D) Low Credit Scores
A) An application for federal students aid B) An office where you can make an appointment to discuss federal loan repayment. C) A distributor of private student loans. 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) 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 never get charged interest on student loans. B) You have to repay your student loans before you graduate college. C) You can pay back your loan little by little. D) You only have to repay half of your original student loan.
A) Total amount of money you can take out in loans. B) Fee added to the amount you owe. C) Time it takes you to repay your loan. D) Initial amount of money you borrowed.
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) Paying more fees directly to the bank. C) Repaying more of his principal and building up less interest. D) Defaulting on his loan.
A) Does not go toward repaying the money you initially borrowed. B) Immediately causes you to have bad credit. C) Goes toward paying down your original debt D) Lowers your principal.
A) Banks will not lend her money. B) Brianna has a history of paying her bills in full and on time. C) Brianna has defaulted on her loans recently. D) Brianna has missed More than 9 months of loan payments.
A) Missed too many payments in a row. B) Does not have to repay them for a period of time. C) Failed to uphold his end of the loan agreement. D) Never has to repay them.
A) Missed more than 9 months of loan payments. B) Paid more than his minimum payments. C) Enrolled in the military. D) Paid his loan payments on time. |