A) It helps the government and colleges determine the level of aid for which you qualify. B) It helps colleges and universities determine whether you ca afford on-campus housing. 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 whether you are eligible for academic scholarships.
A) They offer more scholarships and grants. B) They are less expensive C) They offer more programs D) They are easier to apply to
A) A federal government loan program B) A university work study program. C) Merit Based Financial Aid D) Need-Based Financial Aid
A) When you start to pay taxes. B) In your last year of College C) When you get a Full-Time Job D) Within Six Months of Graduation
A) The Principal B) The FAFSA C) The Interest D) The Work Study
A) Small Private schools charge lower tuition than larger schools. B) State Schools usually charge lower tuition for students living in the state. C) All colleges usually charge lower tuition for students who have federal loans. 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 state college. C) Taking out a federal loan and attending a Private College. D) Taking out a private loan and attending a Private College.
A) Do not affect your credit score. B) Can be pair monthly or yearly. C) Do not have to be paid back. D) Have a fixed interest rate.
A) Merit- Based Financial Aid B) Need- Based Financial Aid C) A Federal Government Loan Program D) A University Scholarship Program
A) A Financial Need B) Good Grades C) Low Credit Scores D) Unusual Interests
A) A inexpensive state college. B) A distributor of private student loans. C) An application for federal students aid 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) Money you can borrow to pay for college that you will have to repay later. C) Money all college students receive to pay for college tuition. D) A gift the government gives you to pay for a very expensive college.
A) You can pay back your loan little by little. B) You never get charged interest on student loans. C) You have to repay your student loans before you graduate college. D) You only have to repay half of your original student loan.
A) Fee added to the amount you owe. B) Time it takes you to repay your loan. C) Total amount of money you can take out in loans. D) Initial amount of money you borrowed.
A) More likely you are to default. B) Higher the interest rate on the loan will become. C) More extra money you will spend paying back your loan. D) Less extra money you will spend paying back your loan.
A) Repaying more of his principal and building up less interest. B) Building up more interest and repaying less on principal C) Defaulting on his loan. D) Paying more fees directly to the bank.
A) Does not go toward repaying the money you initially borrowed. B) Lowers your principal. C) Immediately causes you to have bad credit. D) Goes toward paying down your original debt
A) Brianna has missed More than 9 months of loan payments. B) Brianna has defaulted on her loans recently. C) Brianna has a history of paying her bills in full and on time. D) Banks will not lend her money.
A) Never has to repay them. B) Does not have to repay them for a period of time. C) Failed to uphold his end of the loan agreement. D) Missed too many payments in a row.
A) Paid more than his minimum payments. B) Paid his loan payments on time. C) Enrolled in the military. D) Missed more than 9 months of loan payments. |