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 the government and colleges determine whether you are eligible for academic scholarships. D) It helps colleges and universities determine whether you ca afford on-campus housing.
A) They offer more programs B) They are less expensive C) They offer more scholarships and grants. D) They are easier to apply to
A) A federal government loan program B) Need-Based Financial Aid C) Merit Based Financial Aid D) A university work study program.
A) In your last year of College B) Within Six Months of Graduation C) When you get a Full-Time Job D) When you start to pay taxes.
A) The Interest B) The Work Study C) The Principal 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 Private College. B) Taking out a Private Loan and attending a State College. C) Taking out a federal loan and attending a state college. D) Taking out a federal loan and attending a Private College.
A) Do not have to be paid back. B) Can be pair monthly or yearly. C) Have a fixed interest rate. D) Do not affect your credit score.
A) Need- Based Financial Aid B) Merit- Based Financial Aid C) A University Scholarship Program D) A Federal Government Loan Program
A) Low Credit Scores B) A Financial Need C) Good Grades D) Unusual Interests
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) 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 only have to repay half of your original student loan. B) You never get charged interest on student loans. C) You can pay back your loan little by little. D) You have to repay your student loans before you graduate college.
A) Initial amount of money you borrowed. B) Total amount of money you can take out in loans. C) Fee added to the amount you owe. D) Time it takes you to repay your loan.
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) 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) Immediately causes you to have bad credit. B) Goes toward paying down your original debt 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 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) 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) 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. |