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 less expensive B) They offer more programs C) They offer more scholarships and grants. D) They are easier to apply to
A) A federal government loan program B) A university work study program. C) Need-Based Financial Aid D) Merit Based Financial Aid
A) In your last year of College B) Within Six Months of Graduation C) When you start to pay taxes. D) When you get a Full-Time Job
A) The Principal B) The Interest C) The FAFSA D) The Work Study
A) Private Schools usually charge lower tuition for students who do well in high school. B) Small Private schools charge lower tuition than larger schools. 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 federal loan and attending a state college. B) Taking out a private loan and attending a Private College. C) Taking out a federal loan and attending a Private College. D) Taking out a Private Loan and attending a State College.
A) Do not affect your credit score. B) Can be pair monthly or yearly. C) Have a fixed interest rate. D) Do not have to be paid back.
A) Merit- Based Financial Aid B) A Federal Government Loan Program C) Need- Based Financial Aid D) A University Scholarship Program
A) A Financial Need B) Unusual Interests C) Low Credit Scores D) Good Grades
A) A distributor of private student loans. B) An office where you can make an appointment to discuss federal loan repayment. C) An application for federal students aid D) A inexpensive state college.
A) Money you can borrow to pay for college that you will have to repay later. B) Money you can get if you have a high GPA in high school. 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 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) Time it takes you to repay your loan. B) Total amount of money you can take out in loans. C) Initial amount of money you borrowed. D) Fee added to the amount you owe.
A) Higher the interest rate on the loan will become. B) Less extra money you will spend paying back your loan. C) More extra money you will spend paying back your loan. D) More likely you are to default.
A) Defaulting on his loan. B) Repaying more of his principal and building up less interest. C) Building up more interest and repaying less on principal 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) 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) Does not have to repay them for a period of time. B) Never has to repay them. C) Missed too many payments in a row. D) Failed to uphold his end of the loan agreement.
A) Paid his loan payments on time. B) Paid more than his minimum payments. C) Missed more than 9 months of loan payments. D) Enrolled in the military. |