A) It helps the government and colleges determine whether you are eligible for academic scholarships. 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 the level of aid for which you qualify. D) It helps colleges and universities determine whether you ca afford on-campus housing.
A) They are easier to apply to B) They are less expensive C) They offer more programs D) They offer more scholarships and grants.
A) Merit Based Financial Aid B) Need-Based Financial Aid C) A federal government loan program D) A university work study program.
A) When you get a Full-Time Job B) Within Six Months of Graduation C) In your last year of College D) When you start to pay taxes.
A) The Principal B) The Work Study C) The Interest D) The FAFSA
A) Small Private schools charge lower tuition than larger schools. B) Private Schools usually charge lower tuition for students who do well in high school. C) State Schools usually charge lower tuition for students living in the state. 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) 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) Merit- Based Financial Aid B) A Federal Government Loan Program C) A University Scholarship Program D) Need- Based Financial Aid
A) Unusual Interests B) Low Credit Scores C) A Financial Need D) Good Grades
A) An application for federal students aid B) An office where you can make an appointment to discuss federal loan repayment. C) A inexpensive state college. D) A distributor of private student loans.
A) Money you can borrow to pay for college that you will have to repay later. B) Money all college students receive to pay for college tuition. C) Money you can get if you have a high GPA in high school. D) A gift the government gives you to pay for a very expensive college.
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) Initial amount of money you borrowed. B) Total amount of money you can take out in loans. C) Time it takes you to repay your loan. D) Fee added to the amount you owe.
A) More extra money you will spend paying back your loan. B) More likely you are to default. C) Less 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) 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) Does not go toward repaying the money you initially borrowed. C) Lowers your principal. D) Goes toward paying down your original debt
A) Brianna has defaulted on her loans recently. B) Banks will not lend her money. C) Brianna has missed More than 9 months of loan payments. D) Brianna has a history of paying her bills in full and on time.
A) Missed too many payments in a row. B) Failed to uphold his end of the loan agreement. C) Never has to repay them. D) Does not have to repay them for a period of time.
A) Missed more than 9 months of loan payments. B) Paid his loan payments on time. C) Enrolled in the military. D) Paid more than his minimum payments. |