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